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The shared currency advances during the New York session, taking advantage of a soft US dollar, which is falling despite US bond yields rising, ahead of the release of July’s US inflation figures. Alongside the aforementioned, risk-aversion keeps safe-haven peers in the driver’s seat, except for the greenbacks vs. the euro. The EUR/USD is trading at 1.0216, above its opening price but below its daily high, reached during the day at 1.0247. Nevertheless, buyers could not hold the fort or booked profits with US economic data looming. US equities are trading with minimal losses. A light US calendar keeps investors ... (full story)
Consumer debt is on the rise. This comes from a recent report by the New York Fed: Total household debt rose $312 billion, or 2 percent, in the second quarter of 2022 to reach ...
The global economy is headed into a stagflation era and central bankers may be trapping themselves by trying to normalize monetary policy, top economist Nouriel Roubini said. "The ...
The Federal Reserve is penciling in at least another couple of years of running down its bond portfolio of around $8 trillion. But observers are increasingly predicting it will ...
In the United Kingdom, preliminary GDP growth data for the second quarter will hit the markets at 06:00 GMT Friday. The British pound has suffered heavy damage this year, falling ...
Over the last two quarters, US employment in the nonfarm business sector grew at a very strong 4.3 percent annual rate while output fell at a 2.3 percent annual rate. With average ...
The USD/JPY is almost flat amidst a calmed North American session ahead of July’s US inflation report, which could shed light on further Federal Reserve tightening in the ...