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There has been an uptick in trade of wines from California over the last few months, however Liv-ex is warning that the long-term bull trend may be under theat.
USD/CAD briefly tested a fresh high for the week, but the pair continues to churn in near-term consolidation levels as markets buckle down for the latest meeting Minutes from the Federal Reserve’s (Fed) Federal Open Market Committee (FOMC).
GBP/JPY rotated on Wednesday, marking in a slight new high for the week as the Pound Sterling (GBP) gets a leg up from a broad-market pullback in the Japanese Yen (JPY).
The Mexican Peso (MXN) stays firm against the US Dollar (USD) even though data from Mexico suggests that consumers are spending less, which should weigh on the economy’s outlook.
Nvidia (NVDA) stock has shed another 2% on Wednesday as the entire market braces itself for the most anticipated earnings release of the season.