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European Markets Are Trading Lower – US Dollar under selling pressure

European stocks markets are trading lower today. EuroStoxx is falling 1,9%, followed by DAX, -1,32%. In the forex market, the US Dollar continues to suffer from fresh selling pressure against the euro while “Brexit” worries spurred widespread weakness in the British Pound. The EURUSD pair extended its rally beyond 1.1400. Regarding GBPUSD, the pair is […]

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US Dollar Remained Weak: Global Uncertainty Justifies Slower Path of Rate

US dollar has remained weak in the Asian trading session following yesterday’s speech from Fed Chair Yellen, which signalled more caution over rate hikes in the near-term. “Given the risks to the outlook, I consider it appropriate for the committee to proceed cautiously in adjusting policy,” Yellen said. Besides, she adds: “The major thing that’s […]

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Dovish Fed “worries about the world”

FED Bloomberg: Fed Chair Janet Yellen’s speech at the Economic Club of New York on Tuesday reinforced that the central bank places a great weight on these market and international variables—and Deutsche Bank AG Chief International Economist Torsten Slok has a chart that shows just how worried the Fed is about the rest of the […]