Dollar is once again under pressure in a relatively calm Asian session, as broader financial markets appear to have stabilized following the earlier bout of volatility driven by US deficit and debt concerns. Wall Street closed the day nearly flat with little direction, while US 10-year Treasury yield held above the 4.5% level after recent […]
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ECB Governing Council members Olli Rehn and Yannis Stournaras signaled support for a rate cut in June, provided that incoming data confirms the current trend of stabilizing inflation and moderate growth. Rehn stressed the importance Read more…
The cryptocurrency market added a mere 0.7% in 24 hours, but an important 5% in seven days to $3.5 trillion. This increase is important as it falls in the area of the market peaks reached Read more…
The euro has regained strength against the dollar, with EUR/USD holding steady at 1.1312 on Friday. Key drivers behind EUR/USD’s movement The US dollar remains vulnerable as investor concerns over the US fiscal outlook persist. Read more…