Dollar Under Pressure as Second Part of Testimony

Dollar Under Pressure in European trade on Wednesday, slipping against major rivals and approaching four-week lows once again. This decline comes amidst ongoing developments surrounding Federal Reserve Chair Jerome Powell’s Congressional testimony, which has significant implications for monetary policy and market sentiment. Dollar Index Performance The dollar index, which measures the greenback against a basket…

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Oil Prices Sharpen have recently taken a hit, falling to two-week lows as concerns about supply disruptions begin to fade. This trend marks the fourth consecutive loss for global oil prices, reflecting a shift in market sentiment. Let’s delve into the factors driving these changes and what they mean for the future of oil prices.…

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US Crude Stock Last week, the Energy Information Administration (EIA) reported a significant drawdown in US crude stocks, which caught many analysts by surprise. Understanding these inventory fluctuations is crucial for market participants, as they provide insights into supply and demand dynamics, potential price movements, and broader economic trends. EIA Report Highlights The latest EIA…

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Sterling Hits New heights, hitting a 16-year peak against the yen in Asian trade. This surge marks the third consecutive day of gains for the British pound against the Japanese yen, driven by a significant interest rate gap and differing monetary policies between the UK and Japan. Let’s explore the factors behind this remarkable rise…

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Dollar Hovers experiencing a rough patch, hovering near four-week lows against a basket of major currencies. This decline comes as investors brace for crucial US inflation data, which could significantly impact the Federal Reserve’s future policy decisions. In this article, we’ll explore the recent performance of the dollar, the influence of Fed Chair Jerome Powell’s…

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