Bank of Canada: high inflation ‘keeping us up at night
The Canadian dollar was trading 0.1 percent lower at 1.2930 to the US dollar, or 77.34 cents, having recovered some of its earlier losses. The Bank of Canada raised its policy rate to 1.5 percent from 1.0 percent earlier this…
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Gold price outlook
According to MKS PAMP metals strategist Nicky Shiels, the market is shifting as inflation fears give way to recession fears, with equity investors preferring cash to safe havens like gold. Gold's volatility has been low in comparison to other assets,…
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Forex News June 24, 2022
EUR/CHF EUR/CHF maintains its gradual decline to parity.EUR/CHF fell 0.3 percent on the day to 1.0085.While the yen stole the show in trading yesterday, the franc has been doing its job steadily since the SNB policy pivot two weeks ago.As…
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Reverse currency wars’ is real
Many countries complained that the resulting dollar weakness would hurt their trade in a low-growth world and force them to overheat by trying to match the Fed's easy money in the 10 years after the US Federal Reserve originally set…
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Russia’s rouble strongest in 7 years despite sanctions.
The rouble's stunning rise in the months since has been cited by the Kremlin as "proof" that Western sanctions are ineffective. "The idea was clear: violently crush the Russian economy," Russian President Vladimir Putin said last week at the annual…
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