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Forex News
Dollar Loses Ground Against Major Counterparts
U.S. Federal Reserve's dovish comments that signaled a series of rate cuts in 2024, and the hawkish stance of the Bank of England weighed on U.S. dollar on Thursday.
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575 days ago
Swiss Market Fails To Hold Early Gains, End Just Marginally Up
Despite staying well above the flat line for much of the day's trading session, the Swiss market ended just marginally up on Thursday as stocks turned a bit subdued past mid afternoon.
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575 days ago
European Stocks Close On Firm Note After Central Banks' Policy Moves
European stocks closed on a firm note on Thursday with investors reacting positively to the monetary policy announcements from the Federal Reserve, the Bank of England and the European Central Bank.
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575 days ago
Euro Up As ECB Tempers Rate Cut Bets
The euro firmed against its major counterparts in the New York session on Thursday, as the European Central Bank left its key interest unchanged and President Christine Lagarde said that policymakers "did not discuss rate cuts" during the meeting.
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575 days ago
Canadian Market Notably Higher On Widespread Buying
The Canadian market is up firmly in positive territory a little before noon on Thursday with stocks from several sectors moving higher on strong buying interest.
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576 days ago
U.S. Retail Sales Unexpectedly Rebound In November
Retail sales in the U.S. unexpectedly increased in the month of November, according to a report released by the Commerce Department on Thursday. The Commerce Department said retail sales rose by 0.3 percent in November after slipping by a downwardly revised 0.2 percent. Economists had expected retail sales to edge down by 0.1 percent.
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576 days ago
U.S. Business Inventories Edge Slightly Lower In October
A report released by the Commerce Department on Thursday showed a slight pullback in U.S. business inventories in the month of October. The Commerce Department said business inventories edged down by 0.1 percent in October after rising by a downwardly revised 0.2 percent in September.
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576 days ago
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Meta Rolls Out Threads In The EU
Meta CEO Mark Zuckerberg announced Thursday the launch of social media app Threads in the European Union, just over five months after its launch in other parts of the world, including the United States. "Today we're opening Threads to more countries in Europe. Welcome everyone," Zuckerberg wrote in a Threads post.
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576 days ago
U.S. Weekly Jobless Claims Unexpectedly Drop To 202,000
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly fell in the week ended December 9th. The report said initial jobless claims slid to 202,000 from the previous week's revised level of 221,000. With the unexpected decrease, jobless claims fell to their lowest level since hitting 200,000 in the week ended October 14th.
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576 days ago
Bank Of England Keeps Rate At 15-Year High
The Bank of England left its benchmark rate unchanged at a 15-year high for the third straight time and retained its hawkish bias in contrast to the stance of its peer U.S. Federal Reserve that hinted at three rate cuts next year. The Monetary Policy Committee, led by Governor Andrew Bailey, voted 6-3 to maintain the bank rate at 5.25 percent at the final meeting of the year.
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576 days ago
Pound Appreciates As BoE Holds Rate Steady, Maintains Hawkish Stance
The pound strengthened against its major counterparts in the European session on Thursday, as the Bank of England left its benchmark interest rate unchanged for the third consecutive meeting and reiterated that it will maintain a restrictive policy stance for an extended period of time.
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576 days ago
ECB Holds Rates Steady Again, Cuts Inflation Outlook
The European Central Bank left its key interest unchanged for a second straight session, as expected, and the bank lowered its inflation projections for this year and next. The Governing Council, led by ECB President Christine Lagarde, held the main refinancing rate, or refi, at 4.50 percent on Thursday, in the final rate-setting session this year.
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576 days ago
U.S. Import Prices Fall Less Than Expected In November
A report released by the Labor Department on Thursday showed U.S. import prices fell by less than expected in the month of November. The Labor Department said import prices decreased by 0.4 percent in November following a revised 0.6 percent decline in October.
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576 days ago
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