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It’s yet another day of stimulus announcements in China, and another round of letdowns for investors. Chinese authorities today announced to almost double the amount it deployed to support what’s called ‘white list’ projects – we are talking about a 4 trillion yuan initiative to facilitate funding thousands of public and private projects in 170 […]

The post Will ECB Give in to Soft Inflation, Stagnating Growth? appeared first on Action Forex.

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31/05/2024

USD/CHF Rate Falls Over 1% After SNB Chief’s Statements

As evidenced by the USD/CHF chart, yesterday one US dollar was worth 0.913 Swiss francs, but today it is already 0.903, indicating a rate drop of approximately 1%. According to MT Newswires, the franc’s strengthening is attributed to statements by Swiss National Bank (SNB) President Thomas Jordan. In his view, an overly weak franc is […]
23/01/2024

New Zealand Dollar Eyes Services PSI

New Zealand releases Performance of Services Index on Tuesday The New Zealand dollar is flat at the start of the week. In the European session, NZD/USD is trading at 0.6116, up 0.01%. It was a rough week for the New Zealand dollar, which declined 2% and fell to a five-week low. New Zealand’s economy has […]
25/06/2024

Dollar Index: Bullish Bias Above Daily Cloud, US Inflation Data in Focus

The dollar index regained traction on Tuesday and ticked higher after dropping 0.4% on Monday. Pullback was contained by daily cloud top and marked a light correction of a larger uptrend, which remains intact. Technical picture on daily chart remains bullish, as MA’s are in bullish setup, positive momentum is strong and price action underpinned […]