Forex
UK General Election To Be Held On July 4, Prime Minister Says - Bloomberg
Investing.com - The U.S. dollar traded calmly Wednesday ahead of the release of the minutes from the last Federal Reserve meeting, while sterling gained as inflation fell by less than expected in April.
At 04:55 ET (08:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded marginally higher at 104.600.
Dollar seeking direction ahead of Fed minutesThe dollar is struggling to move in any meaningful fashion as traders... (continue reading...)
By Saqib Iqbal Ahmed
NEW YORK (Reuters) -The dollar rose against the euro on Wednesday after minutes of the last Fed meeting showed officials acknowledging disappointment over recent inflation readings, while the pound held its gains after British Prime Minister Rishi Sunak called for a general election for July 4.
Federal Reserve officials at their last policy meeting indicated they still had faith price pressures would ease, if only slowly,... (continue reading...)
EUR/USD appears stuck in a rather small trading range, as some recovery in the dollar was primarily driven by the underperforming AUD, NZD and JPY yesterday, while the likes of EUR, CAD and NOK held stable, said ING FX Strategist Francesco Pesole.
"The Swedish krona started the week on a stronger foot after Riksbank Governor Erik Thedeen said that a rate cut in June was not on the table, pouring cold water on easing expectations (now only 30%) after April inflation came... (continue reading...)
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