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Forex News
Dollar Stays Firm After Fed Holds Rates
The U.S. dollar climbed higher on Wednesday after the Federal Reserve left interest rates unchanged and noted inflation remains "somewhat elevated."
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166 days ago
Fed Leaves Interest Rates Unchanged After Three Straight Cuts
After cutting interest rates for three straight meetings, the Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged following its first monetary policy meeting of 2025. The Fed said it decided to maintain the target range for the federal funds rate at 4.25 to 4.50 percent in support of its dual goals.
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166 days ago
Swiss Market Ends On Firm Note
Swiss stocks turned in a fine performance on Wednesday, as investors indulged in some strong buying at several counters, focusing on earnings and other corporate news, while awaiting the monetary policy announcement from the Federal Reserve later in the day.
Data showing an improvement in Swiss investor sentiment supported the market.
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166 days ago
Canadian Dollar Weakens As BoC Cuts Rates
The Canadian dollar declined against its major counterparts in the New York session on Wednesday, as the Bank of Canada lowered interest rates by a quarter point, noting consumer price inflation remains close to 2 percent and the economy is in excess supply.
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166 days ago
European Stocks Close Mostly Higher
European stocks closed mostly higher on Wednesday as investors focused on corporate earnings news and looked ahead to policy announcements from the Federal Reserve and the European Central Bank.
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166 days ago
Canadian Market Modestly Higher After BoC Delivers Another Rate Cut
Canadian stocks are turning in a mixed performance in cautious trade on Wednesday with investors digesting the Bank of Canada's interest rate decision and awaiting the monetary policy announcement from the Federal Reserve.
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166 days ago
Bank Of Canada Cuts Interest Rates, Warns About Impact Of Potential Tariffs
The Bank of Canada on Wednesday announced its widely expected decision to lower interest rates by a quarter point, noting consumer price inflation remains close to 2 percent and the economy is in excess supply. After cutting rates by 50 basis points at each of its two previous meetings, the Bank of Canada decided to lower the overnight rate by 25 basis points to 3 percent.
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166 days ago
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Bay Street Likely To Open On Muted Note; BoC, Fed Announcements In Focus
The Bank of Canada's interest rate decision and the Federal Reserve's rate call and the central bank's accompanying statement are set to make a significant impact on Bay Street on Wednesday.
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166 days ago
Eurozone Loan Growth Improves; M3 Logs Slower Expansion
Eurozone lending to private sector grew at a faster pace in December on falling interest rates and the broad money supply logged a slower expansion, data from the European Central Bank revealed Wednesday. Despite tightening credit conditions, adjusted loans to the private sector gained 2.0 percent compared to a 1.5 percent rise in November.
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166 days ago
Sweden Central Bank Trims Rate By 25 Bps
Sweden's central bank reduced its benchmark rate by a quarter-point on Wednesday to further support the economy and stabilize inflation at the target and also signaled that the easing cycle is coming to an end. The Executive Board of Riksbank decided to cut the policy rate by 25 basis points to 2.5 percent. The outcome of the meeting widely matched expectations.
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166 days ago
Euro Falls Amid ECB Rate Cut Speculation
The euro weakened against other major currencies in the European session on Wednesday, as traders speculate that the European Central Bank (ECB) will cut its deposit rate in the policy meeting tomorrow.
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166 days ago
ASML Q4 Results Rise, Bookings Down; Lifts Dividend, Backs FY25 View; Stock Up
Shares of ASML Holding N.V. were gaining around 9 percent in the morning trading in Amsterdam as well as around 7 percent in pre-market activity on the Nasdaq Stock Exchange, after the Dutch semiconductor equipment maker reported Wednesday higher profit and net sales in its fourth quarter. This was despite reporting weak bookings. Further, the company issued first-quarter outlook,...
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166 days ago
U.S. Dollar Rises As Traders Focus Of U.S. Fed Rate Decision
The U.S. dollar strengthened against other major currencies in the European session on Wednesday, as traders await the U.S. Fed's interest rate decision later in the day.
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166 days ago
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