USD Selling PausesThe US Dollar failed to continue the breakdown we saw on Tuesday as better-than-forecast retail sales data yesterday helped stem the selling. While still very weak at 0.1%, down from
Atlanta Fed President Raphael Bostic remained optimistic that inflation will continue to cool this year and signaled the possibility of two rate cuts in the second half of 2024.
Market Muted Ahead of BOJGBPJPY is currently stuck in a holding pattern between the 179.95 and 184.33 levels. GBP has cooled recently on the back of the latest inflation data which showed that CPI fel
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