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The Japanese yen has started the week with slight gains. In the European session, USD/JPY is trading at 144.15, down 0.16% on the day at the time of writing. On Friday, the yen shot up 1.3%, as the US dollar was pummeled by the major currencies following Federal Chair Jerome Powell’s speech at the Jackson […]

The post Yen Soars as Powell Signals Rate Cuts on the Way appeared first on Action Forex.

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16/07/2024

Gold Nears Record High as Fed Rate Cut Looms

Gold prices have surged, reaching $2430 per troy ounce on Tuesday, flirting with historic highs. The recent spike in gold prices is largely attributed to comments made by Federal Reserve Chairman Jerome Powell, which have bolstered expectations of an impending interest rate cut. In his latest address, Powell highlighted that recent U.S. economic indicators are […]
14/03/2024

U.S. Retail Sales Rebound in February

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15/05/2024

April CPI: It’s a Start

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