JPY, AUD Down; FOMC, Biden Speech this Evening

Rates as of 0500 GMT Note The USD and CAD indices are not updating. Market Recap Note Im having problems gauging exactly whats happening in the market as Deutsche Banks USD and CAD tradeweighted indices arent updating. I use those because theyre the only series that I can get that are built in a consistent […]
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Euro Zone Bond Yields Rise ahead of Fed

April 28 Reuters Euro area bond yields tracked Treasury yields higher on Wednesday, ahead of the close of the U.S. Federal Reserves policy meeting later in the session. While no major policy changes are expected at the meeting, investors will pay close attention to Chairman Jerome Powells comments for further insight into the banks thinking […]
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Sterling Takes Back Seat to Dollar ahead of Fed

LONDON, April 28 Reuters Sterling edged lower to the dollar on Wednesday as the greenback strengthened across the board ahead of the Federal Reserve meeting later in the day. The dollars strength is likely to be transitory, analysts say, as the U.S. central bank is widely expected to maintain its policy settings and Fed Chairman […]
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Oil Rises on Optimistic Demand Outlook; Uncertainties Remain

Oil prices rose on Wednesday amid optimistic forecasts of global fuel demand recovery, while the rapid spread of COVID19 infections in India and a biggerthanexpected build in U.S. crude stocks capped gains. Brent crude futures rose 28 cents, or 0.42, to 66.70 a barrel at 0646 GMT, following a 1.2 gain from Tuesday. U.S. West […]
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UK Retailers Warn of Higher Prices as Costs Rise

LONDON, April 28 Reuters British retailers are likely to have to put prices up due to Brexit costs and a global rise in shipping rates and commodity prices, a trade body warned on Wednesday. The British Retail Consortium, which represents major highstreet stores, said prices in April were 1.3 lower than a year earlier, compared […]
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Australian Q1 Inflation Surprisingly Cold, A Eases

SYDNEY, April 28 Reuters Australian consumer prices rose by much less than expected in the first quarter partly due to government subsidies for home building, while a very tame reading for core inflation suggested monetary policy would stay super loose for a long time to come. The consumer price index rose 0.6 in the March […]
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