Dollar picks up slightly with CPI release in focus; euro slips slightly

Dollar picks up slightly with CPI release in focus; euro slips slightly
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Dollar picks up slightly with CPI release in focus; euro slips slightly
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By RoboForex Analytical Department The AUD/USD pair has halted its nearly continuous seven-day decline, stabilising around 0.6730 on Thursday. This level marks the monthly low for the Australian dollar, which has faced significant pressures lately due to a strengthening US dollar and uncertainties in China, Australia’s largest trading partner. Market influences and economic indicators The…
Amazon (AMZN) is being sued by a consortium of British retailers that claim that the technology giant misused their data to help push them out of the market and boost its own products. The claim they’re making is for damages reaching £1.1bn. The group is being represented in the court action by the British Independent…
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Earlier this week, Federal Reserve (Fed) Chair Jerome Powell walked into a Harvard University introductory economics class and handed markets one of the clearest policy signals of the year: the Fed is not going to raise interest rates to fight inflation caused by the Iran war’s oil shock. Before he’d finished speaking, market odds of…
Libya devalues currency for first time in four years Source link