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US Dollar tallies a winning week, focus shifts to inflation data
It appears that the DXY Index, representing the US Dollar, is facing downward pressure despite positive economic data such as strong Nonfarm Payrolls (NFP) and higher-than-expected Average Hourly Earnings for December. The primary factor influencing the market sentiment seems to be the disappointing ISM Services PMI for the same month. The Federal Reserve’s dovish stance, […]
EUR/USD ends NFP Friday near where it started after rejection from 1.1000
The EUR/USD fell to a three-week low on Friday after European inflation rebounded higher in December, with the Eurozone Harmonized Index of Consumer Prices (HICP) for the year ended December climbing to 2.9% versus November’s YoY 2.4%. Markets were expecting a print of 3.0%, but higher inflation of any amount reduces the chances of the European Central Bank […]
A Comprehensive Guide to Forex Bank [2024 Update]
Traveling abroad, sending money internationally, or even just wanting a good deal on foreign currency? Then you’ve likely encountered the term “forex” – short for foreign exchange. But with various options available, choosing the right foreign exchange provider can be overwhelming. In this blog post, we’ll delve into Forex Bank, a leading player in the […]