The Dollar's importance as a reserve currency and as the currency of denomination for trade and financial transactions has not diminished despite the declining importance of the United States in the global economy, analysts at Natixis report.
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US Pending Home Sales unchanged in November
Pending Home Sales in the US were unchanged on a monthly basis in November, the National Association of Realtors reported on Thursday.
United States Pending Home Sales (YoY) up to -5.2% in November from previous -8.5%
United States Pending Home Sales (YoY) up to -5.2% in November from previous -8.5%
United States Pending Home Sales (MoM) came in at 0% below forecasts (1%) in November
United States Pending Home Sales (MoM) came in at 0% below forecasts (1%) in November
EUR/SEK: Cyclical backdrop remains a challenge for the Krona – Danske Bank
Economists at Danske Bank remain medium-term bearish on the Swedish Krona (SEK).
US initial jobless claims rises to 218k, vs exp 204k
<p><img width="558" height="307" src="https://www.actionforex.com/wp-content/uploads/featured-images/f-usa4.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" /></p> <p>US initial jobless c
US goods trade deficit widens slightly to USD -90.3B in Nov
<p><img width="558" height="307" src="https://www.actionforex.com/wp-content/uploads/featured-images/f-usa4.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" /></p> <p>US goods export fell -3.6% mom to USD 165.1B in Nov
Yen and Swiss Franc Rally in Subdued Markets; Downside Acceleration in GBP/CHF
<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2021/05/f-jpy147.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.actionforex.com/wp-content
Goldman Sachs forecasts GBP/USD to 1.35 in 2024
<p>Head of globa FX at Goldman Sachs forecasts GBP/USD to 1.35 next year, citing correlation with equities and diminishing fears of global recession. </p><ul><li>GBP has a “reliably positive relationship with higher equity prices”</li><li>“Sterling’s recent rise is of course partly about the broader dollar weakne
Fidelity on sticky inflation, and only limited Fed cuts – "market is like a spoiled child"
<p>Fidelity Investments commented on their outlook for the Federal Open Market Committee (FOMC) and equity markets in 2024.</p><p>On the Fed:</p><ul><li>“A few rate cuts make sense because inflation has fallen. I think it’s likely to be sticky at around 3%” </li><li>“The market is like a spoiled child