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Factors driving the potential cut include Friday's jobs data, which showed the US economy added just 12,000 jobs in October — far lower than the forecast of 106,000 jobs. Meanwhile, inflation ...
LONDON/SYDNEY (Reuters) -The U.S. dollar was poised for a big weekly gain on Friday, towering near one-year highs as a hawkish turn from the Federal Reserve chief sent short-term Treasury yields ...
In the week ahead, a fresh reading on inflation and retail sales will lead the economic calendar. ... CPI is forecast to have risen 3.3% over last year in October, unchanged from September's ...
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US Dollar Index and major financial events. The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, [1] often referred to as a basket of U.S. trade partners' currencies. [2]
US power use to reach record highs in 2024 and 2025, EIA forecast says U.S. power consumption will rise to record highs in 2024 and 2025, the U.S. Energy Information Administration said in its ...
In 1971, Treasury Secretary John Connally famously remarked how the US dollar was "our currency, but your problem," [1] referring to how the US dollar was managed primarily for the US' interests despite it being the currency primarily used in global trade and global finance. A strong dollar is recognized to have many benefits but also potential ...
Its decision has been complicated by a sell-off in gilts following the Labour government's budget last week. Sterling was added 0.5% higher to $1.297, helped by a weaker dollar. It fell 0.3% last ...