EUR/USD risks balanced around 1.20 level – UBS

EUR/USD risks balanced around 1.20 level – UBS
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EUR/USD risks balanced around 1.20 level – UBS
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Dollar retreats further on trade war woes; sterling gains despite soft inflation Source link
The major European indices are all closing lower on the day. The declines are led by the German DAX down 1.02%. Italy’s FTSE MIB is also lower with a decline of -1.14%. A snapshot of the final numbers shows: German DAX, -1.02% France CAC, -0.75% UK FTSE 100, -0.35% Spain’s Ibex -0.97% Italy’s FTSE MIB,…
The Australian Dollar strengthens after the release of upbeat Judo Bank Purchasing Managers Index data on Monday. Australia’s Judo Bank Manufacturing PMI rose to 52.6 in March, while the Services PMI increased to 51.2. The US Dollar faces pressure as concerns grow over a potential economic slowdown driven by Trump’s trade policies. The Australian Dollar…
The United States Federal Bureau of Investigation (FBI) raided the home of Polymarket’s CEO, Shayne Coplan, on Wednesday morning (local time) and seized his phone, as first reported by the New York Post. However, the 26-year-old hasn’t been arrested or charged. Although there is no official confirmation, a Bloomberg report indicated that the Department of…
Muslim leaders have condemned Nigel Farage’s call to ban public prayer by Muslims in the UK as bigoted and warned of a “growing tide of hate” after the Conservative leader, Kemi Badenoch, questioned whether the events fitted “within the norms of British culture”. Farage was speaking at the launch of Reform UK’s manifesto for the…
Gold surges to new all-time high above $2,600, fueled by expectations of further Fed rate cuts. Safe-haven demand spikes due to escalating tension between Israel and Hezbollah. Fed Governor Waller backs 50 bps rate cut; however, dissenting Fed member Michelle Bowman prefers a smaller cut to guard against declaring an early win on inflation. Gold…