Myrna
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CAD/JPY accumulates more bearish energy [Video]
The CAD/JPY pair turned to the downside in the short term as the Japanese Yen Futures rebounded. In the short term, it has changed little as the traders are waiting for the Canadian GDP. The economic indicator is expected to report a 0.4% growth in January versus a 0.0% growth in December. Better th
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USD/INR rebounds as Fed’s hawkish comments spur US Dollar demand
Indian Rupee loses ground on Thursday on the firmer USD and the Fed governor’s hawkish comments. The INR’s downside might be limited by the potential intervention from the Indian central bank. The RBI is expected to hold rates steady in its April meeting amid strong economic growth and elevated infl
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BOE's Mann: Market expects excessive interest rate cuts this year
Catherine Mann, a policymaker at the Bank of England, expressed the view that financial markets have incorporated an excessive number of anticipated interest rate cuts for this year. She also stated that it is improbable for the UK to take action before the US Federal Reserve. Furthermore, she highl
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It is a pity that Norges Bank's sensible monetary policy cannot be reflected in NOK at present – Commerzbank
Norges Bank kept its benchmark interest rate unchanged on Thursday. Economists at Commerzbank analyze Norwegian Krone’s (NOK) outlook after the decision. Norges Bank remained unwavering in its restrictive stance Norges Bank thus remains cautious about the timing of an initial rate cut. After all, in
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Forex Today: US Dollar extends recovery ahead of key Fedspeak
Here is what you need to know on Friday, March 22: The US Dollar staged an impressive comeback following the selloff seen late Wednesday. The US Dollar (USD) Index gained more than 0.5% on Thursday and retraced the post-Fed decline. Early Friday, the USD Index continues to push higher and was last s
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Retail Sales in Poland in February grew by 6.1%
On the radar Retail Sales in Poland in February grew by 6.1% y/y well above market expectations. PPI index declined by -3.5% y/y in February in Slovenia. Current account deficit in Slovakia narrowed to EUR 134 million in January. Average real wage in January will be published in Slovenia at 10.30 AM
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Swiss Market Ends On Firm Note After SNB Rate Cut Announcement
The Switzerland market ended on a bright note on Thursday with investors cheering the Swiss National Bank's decision to cut interest rate. The benchmark SMI ended with a gain of 85.03 points or 0.73% at 11,703.66. The index touched a high of 11,779.24 in early trades. The SNB became the first major
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