FX

ECB President Lagarde signalled an upcoming turnaround in interest rate policy. The news caused the euro to appreciate noticeably yesterday, pulling gold up to $1,865 for a time. However gold in euros is kept in check, economists at Commerzbank report. Lagarde endorsed an exit from negative rates in Q3  “Lagarde announced ‘a progressive further normalisation
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What you need to take care of on Friday, May 20: Despite persistent risk-aversion, the American currency changed course on Thursday and fell across the FX board. Fears gyrated around inflationary pressures and slowing economic growth. Stocks markets remained under pressure, with most Asian and European indexes closing in the red, although off their intraday
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What you need to take care of on Thursday, May 19: The greenback edged higher against its high-yielding rivals but eased against safe-haven currencies, reflecting the dismal market mood. Inflation was the primary catalyst of the latest bout of risk aversion. The EU Consumer Price Index was confirmed at 7.4% YoY in April,  while the
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