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Sterling Underwhelms amid Market Consolidation; Gold Heading Lower Again

British Pound emerged as the weakest link, facing headwinds following subpar construction data. Not far behind in performance was the Canadian Dollar, which felt the pressure from the ongoing plunge in oil prices. Dollar, while still in a commanding position, appears to be taking a pause, digesting its recent upticks. Contrastingly, Australian and New Zealand Dollars found some respite as the market's risk aversion sentiment momentarily eased. Meanwhile, Euro, Swiss Franc, and Yen are all m...
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Fed and ECB Tread Hopefully Into Final Stretch of 2023

(Bloomberg) -- Policymakers from Washington to Frankfurt head into the final quarter of 2023 with tentative grounds for optimism that their fight against inflation is making progress. With Federal Reserve chief Jerome Powell and his European Central Bank counterpart Christine Lagarde both due to speak in the coming week, investors will scrutinize any reaction from them to a transatlantic double whammy of data that offered hints of cheer. Friday’s reports showed euro-zone core inflation — whi...
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Cliff Notes: Policy Takes Effect, But Global Risks Remain

The September RBA meeting minutes presented a detailed account of the Board’s deliberations and their assessment of risks. In recent months, the Board has stopped describing its considerations for policy – the choice between remaining on hold and a rate hike – as “finely balanced”. Rather, it has become increasingly clear that the Board view the case for remaining on hold as the “stronger” argument, in step with their growing confidence in navigating a soft landing. While the Board...
New Zealand United Kingdom Jerome Powell Jon Cunliffe Sarah Breeden Andrew Bailey

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