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Dollar Stays Subdued Against Rivals

The U.S. dollar traded weak against most of its major rivals on Tuesday, as the safe haven Japanese yen found support from investors after growth worries resurfaced following the International Monetary Fund lowering its outlook for global economic growth for Read More →

ECB Maintains Status Quo As Economy Slows

The European Central Bank held its key interest rates and forward guidance unchanged in April, after it announced long-term loans for banks in March, as activity in the euro area economy remains sluggish. The Governing Council, led by ECB President Read More →

U.S. Consumer Prices Climb 0.4% Amid Spike In Energy Prices

Reflecting a spike in energy prices, the Labor Department released a report on Wednesday showing consumer prices in the U.S. increased by slightly more than anticipated in the month of March. The Labor Department said its consumer price index climbed Read More →

Draghi Affirms ECB Readiness To Act As Economic Outlook Dims

The European Central Bank President Mario Draghi on Wednesday said the bank stands ready to deploy more policy tools, if any contingency warranted given the weaker growth outlook, and added that policymakers were studying the impact of the negative deposit Read More →

Euro Slides As Draghi Warns Of Global Headwinds Still Hammering Economy

The euro drifted lower against its major counterparts in the European session on Wednesday, after the European Central Bank President Mario Draghi struck a cautious tone about the euro area economy, saying that global headwinds continued to weigh on growth Read More →

Fed Minutes Suggest Interest Rate Outlook Could Shift In Either Direction

While projections provided by the Federal Reserve following the March monetary policy meeting suggested the central bank no longer expects to raise interest rates this year, the minutes of the meeting note the outlook for rates remains fluid.Original Article Read More →