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GBP Down on EU Challenge; US Retail Sales

Rates as of 0500 GMT Market Recap Not much going on in the FX market this morning overall changes are quite limited. There are only two moves worth noting CHF moving up and GBP moving down. Its simple to explain the decline in GBP the EU launched legal action against Britain over alleged breaches of […]
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Rise and Fall of Wirecard, German Tech Champion

Payments firm Wirecard collapsed last year in Germanys biggest postwar fraud scandal. A parliamentary inquiry is in progress, with German Chancellor Angela Merkel and Finance Minister Olaf Scholz due to testify in April. The German government examined the possibility of bailing out Wirecard just three days before it collapsed, according to documents seen by Reuters. […]
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EMStocks Tick Higher after Upbeat Wall Street Session

Emerging market stocks rose on Tuesday, following an upbeat handover form Wall Street on economic recovery hopes, while currencies made muted moves with all eyes on the U.S. Federal Reserves policy decision. MSCIs index of emerging market shares was up 0.6 as U.S. treasury yields retreated, with most main indexes across Asia in the black. […]
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Euro Zone Bonds Hold Ground, Eyeing Vaccinations, Fed

Euro zone government bonds held ground in early Tuesday trade, as caution set in before a U.S. Federal Reserve meeting and uncertainty around vaccinations in the bloc supported safehaven assets. Wednesdays Fed meeting is in focus amid expectations that economic growth and inflation will rebound after U.S. fiscal stimulus, which has pushed up government bond […]
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Dollar Edges Up as Currency Markets Wait for Fed Meeting

A cautious tone dominated currency markets on Tuesday, before the start of the U.S. Federal Reserves twoday monetary policy meeting. The Feds policymakers are expected to forecast that the U.S. economy will grow in 2021 at its fastest rate in decades, with unemployment falling and inflation rising, but are not considered likely to change their […]
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Softer Pound, Positive Eearnings Lift UK Shares

Londons FTSE 100 inched higher on Tuesday, as a weaker pound boosted shares of exporters and a set of positive earnings helped lift confidence in the economys recovery. The bluechip FTSE 100 index rose 0.5, with healthcare, financials and consumer staples stocks among the top boost. A softer pound lifted shares of large, dollarearning companies […]
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Credit Suisse Flags Possible Charge from Greensill Fallout

Credit Suisse on Tuesday warned it might incur charges following the collapse of its Greensilllinked supply chain finance funds and other dealings with the specialty firm. The lender has been facing the fallout from the collapse of 10 billion worth of funds linked to British financial services firm Greensill Capital, which last week filed for […]
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Oil Drops amid Rising Stockpiles, COVID19 Demand Concerns

Oil prices dropped on Tuesday, extending declines to three consecutive days, as rising stockpiles in the United States added to the risks to a demand recovery after countries including Germany and France halted COVID19 vaccinations. Brent crude was down 69 cents, or 1, at 68.19 by 0531 GMT, having dropped 0.5 on Monday. U.S. crude […]
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