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Dollar Falters as Markets Eye Fed Updates; RBA Decision Looms
TOKYO (Reuters) - The U.S. dollar continued to weaken on Tuesday, extending its decline against the euro and sterling as concerns over a potential far-right French government eased. Despite a rise in Treasury yields overnight, the dollar struggled to gain traction with investors focusing on upcoming
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EUR/USD holds above 1.0650 amid renewed selling pressure in US Dollar
EUR/USD posts modest gains near 1.0672 on the softer USD on Thursday. Fed’s Powell said the central bank might take longer than expected to achieve the 2% target. ECB policymaker said a rate cut looks increasingly likely in its June meeting. The EUR/USD pair edges higher to 1.0672 on Thursday during
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CAC 40 Gains Despite Escalating Middle East Tensions
French stocks traded higher on Monday despite Iran's attack on Israel over the weekend. Analysts expect Israel's response to be more measured in order to deescalate tensions. Also, the mass drone and missile attacks were largely priced in the days leading up to it and there was limited damage, accor
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Crypto Burn Explained: Igniting Value and Reducing Supply
Crypto Burn Explained: Igniting Value and Reducing Supply Table of Contents Toggle Crypto Burn Explained: Igniting Value and Reducing SupplyPurpose of crypto burn Practical applications for coin burningCryptocurrencies and new opportunities Rewarding loyalty and encouraging participationChallenges a
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Euro stabilizes ahead of ECB decision
The euro is steady on Thursday, after sliding over 1% on Wednesday following the hot US inflation report. In the European session, EUR/USD is trading at 1.0745, down 0.03%. ECB widely expected to hold rates The European Central Bank meets later today and is widely expected to hold the deposit rate a
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European Central Bank Preview: Interest rates on hold as markets expect first cut in June
The European Central Bank will likely maintain rates on hold once again. ECB President Christine Lagarde could change its cautious tone and hint at an upcoming rate cut. US CPI was hotter than anticipated in March, triggering risk aversion. EUR/USD bearish case gains momentum as the pair stands belo
