Us dollar fx spot rate articles
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Interest rate cuts could switch 'from stroll to a sprint' after US jobs surprise
Traders have pulled forward their expectations for the first interest rate cuts in the US as the economy added fewer jobs than expected.]]>
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US Adds Lower-Than-Expected 175,000 Jobs As Interest Rates Bite
The nation’s employers pulled back on their hiring in April, adding a modest 175,000 jobs in a sign that persistently high interest rates may be starting to take a bigger toll on the world’s largest economy. Friday’s government report showed that last month’s hiring gain was down sharply from the blockbuster increase of 315,000 in […]
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US Federal Reserve, UAE Central Bank keep interest rates unchanged
The UAE Central Bank (CBUAE) kept interest rates unchanged on Wednesday after the US Federal Reserve held interest rates steady citing “lack of further progress” on inflation. The CBUAE has decided to maintain the base rate applicable to the overnight deposit facility (ODF) at 5.40 percent. “The CBUAE has also decided to maintain the interest rate applicable to borrowing short-term liquidity at 50 basis points above the base rate for all standing credit facilities,” the central bank said. ...