The European Central Bank could be forced to raise interest rates again in 2024 should Middle East tensions escalate and energy prices spike, but analysts alert hikes would bring about a weaker Euro.
The Pound to Australian Dollar exchange rate is breaking down and technical experiments show a higher likelihood of further losses during the coming days.
The Pound to Dollar exchange rate recovered last week but was unable to hold 1.25, as well as a hawkish Federal Reserve update and also a strong payroll print could bring about more of Individuals gains being returned.
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At precisely the same time, China’s economy struggled with the fallout from its restrictive zero-COVID policy.
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I used seven years writing breaking news for CNET as among the site’s East Coast reporters. I have also prepared two books for Wiley & Sons—
During the fight against soaring inflation, the Fed started to increase its interest rate previously, leading to consistently tighter monetary policy. In turn, this interest rate differential increased yields on US debt which attracted investment and thereby strengthened the dollar.
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