Roosevelt
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EUR/USD posts fresh monthly high ahead of US Inflation
EUR/USD rises to 1.0830 as the US Dollar remains on the back foot ahead of US Inflation and Retail Sales data. The US inflation data is expected to decline after remaining stubbornly higher in the first quarter of the year. ECB’s Wunsch expects that the likelihood of two rate cuts is very high. EUR/
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Silver Price Forecast: XAG/USD approaches two-week high of $28.80 with eyes on US Inflation data
Silver price rises toward two-week high of $28.80 as US Dollar edges down. The US Dollar drops even though US PPI grew at a faster rate in April. The Fed could delay rate cuts beyond September. Silver price (XAG/USD) jumps higher to $28.60 in Tuesday’s New York session. The white metal strengthens a
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Fast disinflation period in CEE comes to an end
On the radar Romanian central bank kept policy rate unchanged at 7.00%. Inflation rate in Serbia remained stable at 5.0% y/y in April. Inflation rate in Romania eased to 5.90% y/y in April below market expectations. Inflation rate in Slovakia arrived at 2.1% y/y. Industrial output in Romania landed
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EUR/GBP holds below 0.8600 following the UK GDP data
EUR/GBP loses ground around 0.8595 in Friday’s early European session. The UK economy is officially out of recession after reports showed the GDP grew by 0.6% QOQ in Q1. The ECB's Guindos said the central bank won’t commit to what will happen beyond its planned June rate cut. The EUR/GBP cross snaps
Pull-up Update