Month: June 2021

Swiss Franc is generally firm as weekend approaches. Even though there was no follow through buying in Euro after ECB overnight, the common currency is somewhat support mildly by the strength in the Franc. Meanwhile, Yen’s selloff faded quickly, together with the rebound attempt in treasury yields. Dollar, Canadian Dollar and New Zealand Dollar are
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The ECB meeting contains little surprise. On economic developments, despite the notion that recent rise in inflation has been driven by temporary factors, the staff upgraded headline inflation projections sharply for this year and 2022. All monetary policy measures stay unchanged. Obviously, policymakers avoided to mention about “taper”, amidst concerns over tightening financial conditions. Acknowledging
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What you need to know on Friday, June 11: Majors showed no reaction to first-tier events, and continue to trade within familiar levels. The US reported May inflation figures, which were upwardly revised, with the annual CPI hitting 5%, accelerating at its fastest pace since 2008. The core reading resulted at 3.8%, also suffering a
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