File photo: US Federal Reserve Chairman Jerome Powell spoke to reporters at a news conference in Washington on March 3, 2020 after the Federal Reserve cut interest rates in a crisis move designed to protect the world’s largest economy from the effects of the coronavirus. . Reuters / KP Lamarck …
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XAU / USD holds bullish territory over the longer term, but temporary strength in the greenback has triggered short-term speculative gold positions. The Jackson Hole has a lower confirmed for longer holding at the Fed, gold to benefit from lower yields. Gold markets had seen volatile price actions leading up …
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(Reuters) – Here are five things to know about the Federal Reserve’s new strategy for achieving stable prices and maximum employment. The divisive policy shift was announced on Thursday. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, USA, March 19, 2019. REUTERS / Leah Millis …
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Bears of EUR / USD take a kiss after Wednesday’s sale. Dollar holds profit after post-FOMC minutes. US Jobless Claims and ECB minutes in focus. EUR / USD pair sees its adverse consolidation phase expanding to 1.1850 in Europe as the bears take a break after Wednesday’s more than 100-pips …
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EUR / USD is under pressure as the greenback continues its correction to FOMC minutes. The FOMC is clearly concerned about the trajectory of the US economic recovery, weighing on risk sentiment and the stock market. EUR / USD has nailed the downside to the minutes of the Federal Open …
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