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JPY

Dollar firms, yen wobbles as Japan CPI holds above BOJ target

The dollar held steady on Friday as data pointed to U.S. labor market resilience that could lead the Federal Reserve to keep interest rates higher for longer, while the yen wobbled after Japan’s core consumer inflation re-accelerated in June. Central bank meetings from Europe, Japan, and the United States are due next week, with investors …

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U.S. Stocks Rise on Expectations of Early End to Fed’s Rate-Hike Cycle

U.S. Stocks Rise on Expectations of Early End to Fed’s Rate-Hike Cycle U.S. stocks rose Thursday morning, extending the previous session’s gains after cooler-than-expected inflation data raised expectations of an early end to the Federal Reserve’s rate-hiking cycle. The Dow Jones Industrial Average was up 0.2%, the S&P 500 was up 0.4%, and the Nasdaq …

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Bank of Canada to hike interest rates

Bank of Canada to hike interest rates again in Bid to tame inflation

Bank of Canada to hike interest rates again in Bid to tame inflation The Bank of Canada is widely expected to hike its benchmark interest rate by a quarter percentage point on Wednesday, bringing it to 5%. This would be the central bank’s third consecutive rate hike and its highest policy rate since 2007. The …

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Dollar Falls to 2-Month Low on Fed’s Tightening Cycle Signal, Sterling Hits 15-Month High on Strong Wage Growth

Dollar Falls to 2-Month Low on Fed’s Tightening Cycle Signal, Sterling Hits 15-Month High on Strong Wage Growth The dollar weakened to a two-month low on Tuesday after Federal Reserve officials signaled that the central bank was nearing the end of its tightening cycle, while the pound hit a 15-month high after pay growth exceeded …

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