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Forex News
Australia Building Approval Data Due On Thursday
Australia will on Thursday see January numbers for building approvals, highlighting a light day for Asia-Pacific economic activity.
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120 days ago
Dollar Climbs Higher Against Major Counterparts
The U.S. dollar climbed higher on Wednesday, gaining some ground after exhibiting weakness over the past several sessions, as data showed a smaller than expected increase in U.S. consumer price inflation.
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120 days ago
Canadian Dollar Higher After Soft U.S. Inflation Data
The Canadian dollar strengthened against its major counterparts in the New York session on Wednesday, as U.S. inflation report came in cooler than expected in February, suggesting that the Federal Reserve will resume rate cuts in June.
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120 days ago
Swiss Market Ends On Buoyant Note
The Switzerland market closed on a buoyant note on Wednesday, in line with markets across Europe, as optimism about a ceasefire in Ukraine, and data showing a less than expected increase in U.S. consumer prices in the month of February lifted investor sentiment.
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120 days ago
European Stocks Close Higher On Ukraine Ceasefire Hopes, Tame U.S. CPI Data
European stocks closed higher on Wednesday, recovering from recent losses, as investors reacted to news about prospects of a ceasefire in Ukraine. Tamer than expected U.S. consumer price inflation data also aided sentiment.
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120 days ago
Canadian Stocks Turning In Mixed Performance After BoC Rate Cut, U.S. Inflation Data
Canadian stocks are turning in a mixed performance Wednesday morning with investors digesting the Bank of Canada's interest rate decision, and tamer than expected U.S. consumer price inflation data.
Worries about the U.S. Government's stance on tariffs, and the possibility of recession in the U.S., Canada and Mexico, are weighing on sentiment and limiting market's upside.
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120 days ago
Elon Musk's Starlink Partners With India's Jio And Airtel
Close on the heels of signing an agreement with one of India's telecom majors Airtel, Elon Musk's SpaceX signed a deal with the country's another tycoon Jio Platforms Ltd, affiliated to Billionaire Mukesh Ambani's Reliance Industries, to offer Starlink satellite Internet services in the country.
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120 days ago
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Bank Of Canada Cuts Interest Rates By Another 25 Basis Points
With inflation close to the 2 percent target, the Bank of Canada on Wednesday announced its widely expected decision to lower interest rates by another 25 basis points, making its seventh straight rate cut. The Bank of Canada said it decided to reduce its target for the overnight rate to 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.
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120 days ago
U.S. Consumer Prices Rise Less Than Expected In February, Annual Growth Slows
A report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased by slightly less than expected in the month of February. The Labor Department said its consumer price index crept up by 0.2 percent in February after climbing by 0.5 percent in January. Economists had expected consumer prices to rise by 0.3 percent.
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120 days ago
Bay Street Likely To Open On Positive Note
The Bank of Canada's interest rate decision, and U.S. consumer price inflation data are in focus on Bay Street Wednesday morning. The market looks set to open higher thanks to firm commodity prices and European stocks.
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120 days ago
U.S. Consumer Prices Rise Slightly Less Than Expected In February
A report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased by slightly less than expected in the month of February.
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120 days ago
India Inflation Weakest In 7 Months
India's consumer price inflation slowed to a seven-month low in February as food price growth hit the lowest in nearly two years, raising expectations of interest rate cuts over coming months. Consumer price inflation eased to 3.61 percent in February from 4.26 percent in January, official data revealed on Wednesday. This was the lowest since July 2024.
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120 days ago
ECB Chief Says Uncertainty Exceptionally High
European Central Bank President Christine Lagarde said the level of uncertainty is exceptionally high and maintaining stability has become difficult. "The level of uncertainty we are facing is exceptionally high," she said at a conference organized by the Institute for Monetary and Financial Stability at Goethe University Frankfurt on Wednesday.
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120 days ago
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