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Forex Today: Steadily cooling US labor market keep US Dollar on edge
Here is what you need to know on Friday, May 10: The US Dollar (USD) recovers modestly during the Asian session on Friday. However, the near-term appeal is still uncertain as higher-than-projected Initial Jobless Claims (IJC) for the week ending May 3 indicated that the United States (US) labor mark
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Fed Collins: The job market is coming to a better balance
Federal Reserve Bank of Boston President Susan Collins emphasized that the US economy requires a period of moderation as a means to reattain the central bank's 2% inflation target. Key Quotes Demand will need to slow to get inflation to 2%. Fed policy well positioned for current outlook. Monetary po
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The Evolution of Healthcare in Africa Nadine Adam Chemtech
With Nadine Adam Chemtech, this essay will explore the key healthcare gaps in East Africa and propose potential solutions to address these pressing issues. Addressing healthcare gaps in East Africa is essential for improving the health outcomes and well-being of its population. By investing in healt
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European Shares Gain As Investors Ponder US Rate Cut Prospects
European stocks edged higher on Wednesday as investors continued to assess the prospects for interest- rate cuts following last week's weaker-than-expected U.S. jobs report. It seems that markets have shrugged off comments from Federal Reserve Bank of Minneapolis President Neel Kashkari, who said Tu
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Asian Shares End On Muted Note Amid Interest Rate Uncertainty
Asian stocks ended Wednesday's session on a muted note as China stock rally paused, and the Israel-Hamas ceasefire deal faced uncertainty. The dollar regained momentum after Minneapolis Fed President Neel Kashkari cautioned that interest rates are likely to remain on hold for an extended period. The
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USD/JPY surges to near 155.50 as Fed expects to prolong policy rates
USD/JPY extends winning streak amid hawkish sentiment surrounding the Fed’s stance on monetary policy. Fed's Kashkari anticipates the prolonging of elevated rates and suggests that further rate hikes are not entirely ruled out. The Japanese Yen depreciated despite the potential for intervention by J
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BP earnings miss the mark, as the risk rally cautiously continues
The global risk rally has progressed into a new week. Asian equities have had a strong run, the Hang Seng is up by more than 4% in a week, the Nikkei is higher by 3% in USD terms. European stocks are lagging their US counterparts, possibly due to the May Day Bank Holidays, but also because the Magni
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CAC 40 Gains Led By Banks
French stocks traded higher on Friday, as encouraging bank earnings outweighed weak data showing that France's industrial production declined unexpectedly in March after rebounding in the previous month. Industrial output dropped 0.3 percent on a monthly basis, reversing a 0.2 percent rise in the pr
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Pull-up Update