Congreve
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Risk of a global recession is minimal, IMF economist says — would take 'a lot to derail'
One of the International Monetary Fund's top economists signals little risk of a global recession, despite the ongoing rumblings of geopolitical uncertainty. The Washington DC-based institute this week nudged its global growth outlook slightly higher to 3.2% in 2024 and projects the same rate in 202
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New Zealand QoQ CPI inflation rises to 6.8% QoQ in Q1 vs. 0.6% expected
Inflation in New Zealand, as measured by the change in the Consumer Price Index (CPI), rose to 6.8% QoQ in the first quarter (Q1) of 2024 from 0.5% in the previous reading, Statistics New Zealand reported on Wednesday. The figure was above the market consensus of 0.6%. Annualized CPI inflation in Ne
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GBP/USD keeps pushing against 1.2430 support weighed by weak UK employment data
The Pound drops on weak UK employment data, to retest support area at 1.2430. UK Unemployment rate increased to 4.2% in the three months to February against expectations of a 4% reading. Investors’ focus is on Wednesday’s UK CPI data for more clues about the BoE’s monetary policy outlook. The Sterli
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Canadian Dollar hits fresh five-month lows after mixed inflation data
Canadian Dollar depreciates further after mixed Canadian inflation data. Core CPI eases to 2% YoY in March, feeding hopes that BoC might start cutting rates in June. Later Tuesday, Fed Chair Powell and BoC President Macklem will speak about Canadian economy in Washington. The Canadian Dollar (CAD) i
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The commodities feed: Uncertainty and risks build in the Middle East
Oil price action this morning is muted despite Iran’s attack on Israel. The market had already priced in some form of attack, while limited damage and no loss of life means the potential for a more measured response from Israel. How Israel responds is now the key uncertainty. For oil, the risk is th
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The commodities feed: Uncertainty and risks build in the Middle East
Oil price action this morning is muted despite Iran’s attack on Israel. The market had already priced in some form of attack, while limited damage and no loss of life means the potential for a more measured response from Israel. How Israel responds is now the key uncertainty. For oil, the risk is th
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Forex Today: US Dollar consolidates gains at multi-month highs as focus remains on geopolitics
Here is what you need to know on Monday, April 15: Growing expectations for a delay in the Federal Reserve's (Fed) policy pivot and escalating geopolitical tensions fuelled an impressive US Dollar (USD) rally last week. After rising over 1.5% in the previous week and touching its highest level since
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EUR/USD dives to fresh five-month lows near 1.0600 on dovish ECB
The Euro dives on a combination of a dovish ECB and a hawkish Fed The pair is on track to its weakest weekly performance in more than one year. Upside attempts are expected to be limited below 1.0725 and 1.0755. The Euro has been falling like a stone over the last two days, crushed by the combinatio
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USD/JPY declines after weak US data, buyers take profits
The UoM Sentiment Index slipped to 77.9, indicating a weakening in US consumer confidence. The US Dollar seems to consolidate weekly gains following hot inflation data. The Greenback will close a 1.60% winning week. The USD/JPY pair, currently trading at 152.95 with a modest loss of 0.17%. Despite a
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