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This week, the U.S. Federal Reserve and the European Central Bank (ECB) are at the centre of attention, with both poised to take key steps in monetary policy amidst a softening labour market and stubborn inflationary pressures. -vtmarkets.com
Key Points: NZDUSD remained stable at $0.6221 U.S. jobs data expected to determine the likelihood of a 50-basis-point Fed rate cut in September. The Reserve Bank of New Zealand is forecasted to cut rates again in October, but improved confidence …
Key Points: The Indian rupee is expected to remain near its weakest of 84 due to limited volatility. U.S. jobs data will likely determine whether the Federal Reserve will cut rates by 25 or 50 basis points in September. RBI …
Key Points: Wheat and soybean pull back after a short-covering rally, remaining near multi-week highs. Global supply concerns persist due to poor European production and U.S. Midwest weather stress. Traders brace for further price action amid strong speculative activity. This …
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