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Why is the Federal Reserve still dragging its feet when the global market is eagerly awaiting an interest rate cut?
The Federal Reserve is waiting for more data to show that inflation is steadily decreasing, but excessive delays may lead to economic decline. Analysts believe that if the Federal Reserve continues to hold steady in July, a rate cut in September will be a "done deal".
Dollar Edges Lower After Biden Withdraws From Presidential Race
0654 GMT - The dollar edges lower following U.S. President Joe Biden's decision Sunday to pull out of November's presidential race and endorse Vice President Kamala as the Democratic Party's nominee.
Forex Markets Awaiting Clarity on Trump Trade
0550 GMT - Markets are wrestling with how a Trump victory in the U.S. presidential election will influence the U.S. dollar, DBS senior currency strategist Philip Wee says. Those favoring a stronger
Sentiment On The USD Fluctuates Amid Political Uncertainties
Recent developments in financial markets have significantly impacted the outlook for the USD.
President Biden Dropping Out Unlikely to Materially Shift Markets -- Market Talk
In the near term, President Biden's not seeking re-election and endorsing Vice President Kamala Harris is unlikely to shift markets materially, says Piers Bolger, CIO at Infinity Asset Management.
PBOC Sets USD/CNY Reference Rate at 7.1335 Vs. 7.1315 Previous
the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1335, as against the previous day's fix of 7.1315 and 7.2624 Reuters estimates.