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Mexican Peso sinks to seven-week low as economy stagnates in Q2
Mexican Peso slumps to weekly low of 18.81 as disappointing GDP data sparks USD buying. Mexican Q2 GDP growth at 0.2{721fc769be108e463fe4e33f629fb22fe291c423a7a69eaaf65dcb28e9b05dea} QoQ, below estimates of
Central bank decision derby starts on Wednesday in Japan
AI image It’s a big week for central banks as decisions from the BOJ, Fed and BOE come back-to-back-to-back in a 32-hour span starting early
Gold rises amid soft US Dollar as traders eye next week Fed meeting
Gold price bounces from daily lows of $2,356, now at $2,385. Fed’s preferred inflation gauge shows mixed results, edging closer to the 2{721fc769be108e463fe4e33f629fb22fe291c423a7a69eaaf65dcb28e9b05dea} target. US
Weekly Market Outlook (29-02 August)
UPCOMING EVENTS: Monday: US Treasury Refunding Financing Estimates. Tuesday: Japan Unemployment Rate, Eurozone Flash Q2 GDP, US Job Openings, US Consumer Confidence. Wednesday: Japan Industrial
Bulls strife to test the 1.2925 resistance – Scotibank
The Pound Sterling (GBP) has nudged a little higher in quiet Asian and European trade after closing on the lows yesterday, Scotiabank’s Chief FX Strategist
European major indices close mixed (thanks to the UK FTSE 100)
The major European indices are closing mixed thanks to the UK FTSE 100 which rose by 0.40{721fc769be108e463fe4e33f629fb22fe291c423a7a69eaaf65dcb28e9b05dea}. The majority of the indices, however, did close
Gold trades higher as stagflation fears take hold, Trump trade fades
Gold is trading higher as stagflation fears take hold, suggesting inflation may remain elevated amid slower growth. The nomination of Kamala Harris as the Democrat