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USD/CAD struggles near 1.3750 as Fed rate cut bets, Oil supports Canadian Dollar
US Treasury Secretary Scott Bessent said in an interview on Wednesday that short-term Fed interest rates should be 1.5-1.75% lower than the current benchmark rate at an effective 4.33%. Bessent added that there is a good chance that the central bank could opt for a 50 basis point rate cut in September.
Gold extended gains to a third session on Thursday, supported by rising expectations of an interest rate cut by the U.S.
Gold extended gains to a third straight session on Thursday, supported by rising expectations of an interest rate cut by the ...
The dollar fell to its weakest level against the Japanese yen in three weeks after U.S. Treasury Secretary Scott Bessent said he expected the Bank of Japan to raise interest rates to tackle inflation.
St. Louis Federal Reserve President Alberto Musalem told CNBC on Monday that tariffs are feeding through to inflation, which is running close to 3%. "Expecting most of the impact of tariffs on ...
The dollar languished near multi-week lows against the euro and sterling on Thursday as traders ramped up bets for the ...
Key Takeaways A relatively tame inflation report Tuesday boosted investors' hopes that the Federal Reserve will lower interest rates in September.Fed officials have kept rates high out of concern that ...
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