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Weekly Market Recap (17-21 July)

Monday:New Zealand Services PMI came at 50.1 vs. 53.3 prior. The PBoC left the MLF rate unchanged at 2.65% as expected. ECB’s Vasle (hawk – non voter) said that core inflation remains high and resilient. As a reminder the July rate hike is a done deal, so the debate is on the September meeting. Tuesday:The RBA released its meeting minutes where we can deduce that the RBA is prepared to hike again at the August meeting in case the data suggests so:Board considered holding rates steady or hik... Read More

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21 July

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Forex

Posted: Jul 21 2023, 12:42

Author Name: forexlive

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