Forex News
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A job posting that included race and citizenship requirements — and the stipulation, “Don’t share with candidates” — has resulted in settlement agreements between Virginia-based IT staffing firm Arthur Grand Technologies Inc. and the U.S. government. Under the arrangement, Arthur Grand will pay a civil penalty of $7,500, along with a total of $31,000 to 31 ...
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Romania’s Mugur Isarescu, the world’s longest-serving central bank governor, is poised to be confirmed for a new five-year term as lawmakers seek a vote on the extension by the end of June. Isarescu took over the leadership of the National Bank of Romania in 1990, less than a year after the collapse of Nicolae Ceausescu’s communist regime, and has served ...
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It’s well known that currencies are closely linked to interest rates movements. The reason of this relationship is pretty simple: higher interest rates tend to attract foreign investment, increasing the demand and value of the currency. On the other hand, lower interest rates tend to be less attractive for foreign investment and decrease the currency's ...
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The Conference Board Consumer Confidence Index® rose in May to 102.0 (1985=100) from 97.5 in April (a slight upward revision). The Present Situation Index—based on consumers' assessment of current business and labor market conditions—increased to 143.1 (1985=100) in May from 140.6 in April. Meanwhile, the Expectations Index—based on consumers' short-term ...
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post: * #FED 'S KASHKARI SPEAKS IN CNBC INTERVIEW *KASHKARI: INFLATION HAS MOVED SIDEWAYS RECENTLY *KASHKARI: NEED TO WAIT AND SEE, GET MORE CONFIDENCE ON PRICES *KASHKARI: SHOULDN'T RULE ANYTHING OUT ON POLICY PATH *KASHKARI: FED IN GOOD POSITION BECAUSE OF STRONG LABOR MARKET
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post: FED'S KASHKARI: THE US LABOR MARKET HAS SOFTENED, BUT REMAINS TIGHT. post: FED'S KASHKARI: WAGE GROWTH IS STILL QUITE ROBUST RELATIVE TO THE 2% GOAL. post: FED'S KASHKARI: I DON'T THINK ANYONE HAS TAKEN RATE INCREASES OFF THE TABLE. post: FED'S KASHKARI: IF SURPRISED BY THE DATA, THE FED WILL DO WHAT WE NEED TO DO. post: FED'S KASHKARI: POLICY IS RESTRICTIVE BY MOST MEASURES, BUT NOT ALL.
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UN Security Council diplomats said Algeria requested an emergency meeting after a deadly Israeli strike on southern Gaza. UN chief Antonio Guterres condemned the strike amid an ...
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Finance ministers from the Group of Seven (G7) economies assembled in Northern Italy late last week, with the focus on China trade and industrial policy, currency moves, and ...
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Japanese Finance Minister Shunichi Suzuki said on Tuesday he was concerned more about the negative aspects of the current weakness in the yen right now, reiterating Japan's ...
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post: * #FED 'S KASHKARI SPEAKS IN CNBC INTERVIEW *KASHKARI: INFLATION HAS MOVED SIDEWAYS RECENTLY *KASHKARI: NEED TO WAIT AND SEE, GET MORE CONFIDENCE ON PRICES *KASHKARI: SHOULDN'T RULE ANYTHING OUT ON POLICY PATH *KASHKARI: FED IN GOOD POSITION BECAUSE OF STRONG LABOR MARKET
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The Conference Board Consumer Confidence Index® rose in May to 102.0 (1985=100) from 97.5 in April (a slight upward revision). The Present Situation Index—based on consumers' ...
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post: FED'S BOWMAN: FOMC WOULD HAVE BENEFITED FROM EARLIER DECISION TO TAPER AND END QE IN 2021; WOULD HAVE ALLOWED EARLIER RATE HIKES post: FED'S BOWMAN: IN FUTURE, WHEN FED CONDUCTS QE TO RESTORE MARKET FUNCTIONING OR FINANCIAL STABILITY IT SHOULD COMMUNICATE THAT PURCHASES WILL BE TEMPORARY AND UNWOUND WHEN MARKET CONDITIONS HAVE NORMALIZED post: FED'S BOWMAN: IMPORTANT TO COMMUNICATE ANY CHANGE TO RUN-OFF RATE DO NOT REFLECT A CHANGE IN FED'S MONETARY POLICY STANCE post: FED'S BOWMAN: IMPORTANT TO KEEP REDUCING BALANCE SHEET SIZE TO REACH AMPLE RESERVES AS SOON AS POSSIBLE AND WHILE ECONOMY IS STRONG post: FED'S BOWMAN SAYS SHE WOULD HAVE SUPPORTED EITHER WAITING TO SLOW QT PACE OR A MORE TAPERED SLOWING IN BALANCE SHEET RUN OFF 28 MAY 2024 10:25:00 AM -
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The US dollar index is currently down -1.7% in May, which has effectively seen it wipe off April’s gains and snap a 4-month rally. The last time the dollar rose for four months was just ahead of the 2022 high, and if history were to repeat it points to another couple of months of the dollar’s decline and for bearish momentum to accelerate. As things stand, ...
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GBPUSD has been in a steady uptrend over the last month, posting a fresh two-month high of 1.2782 and remaining well above the short-term simple moving averages (SMAs). Technically, the pair is sailing near overbought waters according to the stochastic oscillator. The RSI is also flagging a potential downfall as it’s losing impetus near 70. If buyers stay ...
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IG Securities, the Japanese subsidiary of electronic trading major IG Group, has raised margins for Turkish lira (TRY) instruments. The changes, which were implemented on May 24, 2024, reflect the current market environment. IG has raised the maintenance margin rate for new positions in Turkish Lira-related pairs (TRY/JPY, CHF/TRY, EUR/TRY, USD/TRY, ...