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Fed Rate Decision Looms as Market Predicts 25bps Cut With 87% Probability

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With just six days to go before the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) meeting, the likelihood of a 25 basis points (bps) rate cut is growing stronger by the day. The possibility of a 50bps cut remains slim, though it still holds a 13% chance, as reported by CME’s Fedwatch tool. Market … Read more

EUR Drops Below USD for the Second Time in 20 Years, Greenback’s Strength Leads to Largest Weekly Rise Since March 2020

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The U.S. dollar has been very strong compared to a myriad of fiat currencies worldwide and this week, the euro dropped below the USD for the second time in 20 years after meeting parity with the dollar in mid-July. The dollar’s recent brawniness has resulted in the largest weekly rise since March 2020, according to … Read more