High interest rates could force central banks to sell gold. The US dollar could rise thanks to the Fed’s passivity. Amidst the turmoil in the Middle East, the US dollar almost missed an important event – the minutes of the FOMC meeting. Now, the Fed began managing expectations, formally maintaining its stance on cutting rates […]
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Eurozone retail sales edged lower in March, with the volume of retail trade falling -0.1% mom, outperforming expectations for a steeper -0.4% mom decline. The data suggest consumer spending remains soft, as higher energy costs Read more…
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The Australian dollar continues to strengthen, pushing to fresh 2021–2022 highs, supported by a combination of the Reserve Bank of Australia’s tight monetary stance and a weaker US dollar. This week’s rate hike by the Read more…