Forex News
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A 12-string acoustic guitar owned by John Lennon in the 1960s was sold for $2.86 million at a New York auction on Wednesday, the organizer said, with the price setting a new record for a guitar linked to the British rock band The Beatles. According to Julien's Auctions, the guitar was owned by Lennon and used by both Lennon and George Harrison during ...
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One evening in March — at 8:41 p.m. Chicago time to be exact — internal warnings flashed within Walmart Inc. about a curious thing happening at hundreds of its stores across the US. Shoppers scanning certain items at self-checkout stands were seeing the wrong prices. Some prices were lower than listed. Others were higher. Unbeknownst to those buying food, ...
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Inflation and wages are kind of a chicken or egg issue. Do higher prices cause higher wages or do higher wages cause higher prices? I suppose it’s probably a little of both. There is an obvious relationship when you look at the data. Here’s a look at year-over-year wage growth versus trailing twelve-month inflation going back to 1965: chart Wages grow ...
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North Korea fired around 10 short-range ballistic missiles into the East Sea on Thursday, the South Korean military said, a day after sending hundreds of large balloons carrying trash and manure into the South. The Joint Chiefs of Staff (JCS) said it detected the flight vehicles presumed to be short-range ballistic missiles fired from the Sunan area in ...
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The yen fell through a level that prompted the latest round of suspected action by Japan to prop up the currency, underscoring the limited impact of intervening in the market. The currency traded at 157.64 per dollar as of 8:20 a.m. in Tokyo on Thursday, beyond the closely watched mark of 157.52, where the yen strengthened dramatically on May 1. Japanese ...
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The USD saw decent strength in Wednesdays session, with The US Dollar Index (DXY) rising from an open of 104.67, pushing through the resistance at 105 to hit a high of 105.14 on the back of firmer US Treasury yields. Despite this rally DXY is heading into the end of the month looking to have its first monthly decline since December 2023. Ahead today we have ...
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North Korea fired around 10 short-range ballistic missiles into the East Sea on Thursday, the South Korean military said, a day after sending hundreds of large balloons carrying ...
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Financial security has become an indispensable part of China’s national security discourse since the 1997 Asian financial crisis. Rising geopolitical tensions with the US since ...
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The Bank of Japan said Wednesday its appraisal loss on government bond holdings widened to a record 9.43 trillion yen ($60 billion) at the end of fiscal 2023, affected by rising ...
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The estimated annual inflation of the CPI in May 2024 is 3.6%, according to the flash indicator prepared by the NSI. This indicator provides a preview of the CPI which, if ...
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In the first quarter of 2024, Switzerland's GDP adjusted for sporting events grew by 0.3%.1,2 This continues the moderate economic growth of the previous quarter (+0.3%). The ...
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In April 2024, the euro area seasonally-adjusted unemployment rate was 6.4%, down from 6.5% in March 2024 and in April 2023. The EU unemployment rate was 6.0% in April 2024, ...
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USDJPY experienced a strong setback from its 34-year high of 160.20 following an intervention by Japanese authorities in late April. However, the pair has slowly but steadily recouped a significant part of these losses, attempting to revisit its recent multi-year highs. Should bullish pressures persist, the price could initially test the May resistance ...
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The USD saw decent strength in Wednesdays session, with The US Dollar Index (DXY) rising from an open of 104.67, pushing through the resistance at 105 to hit a high of 105.14 on the back of firmer US Treasury yields. Despite this rally DXY is heading into the end of the month looking to have its first monthly decline since December 2023. Ahead today we have ...
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Although South Korea is one of the more developed financial markets, the operating hours for its foreign exchange (FX) market have been quite limited. Until now, the Korean won trading has only been active for 6.5 hours, but it will soon be significantly prolonged. This change will be groundbreaking, extending the official session to 17 hours. According to ...