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RBA’s interest rate decision: to hike or not to hike
The USD was on the retreat on Friday as data showed signs of cooling inflation in the US economy, causing traders to reconsider the Fed’s rate hiking path ahead of the release of the Fed’s June meeting minutes on Wednesday and June’s employment data on Friday. US Stockmarkets benefited from the improved market sentiment as all three major US stock market indexes, namely the Dow Jones, Nasdaq and S&P 500 were on the rise. Remaining in US equities we note that Tesla delivered a record-high number of vehicles for Q2 beating estimates which in turn may support its share price. video Back in the FX market and ... (full story)