Join Us Thursday, July 30
Encouraging CPI is below where we thought it would be

Bank of England (BoE) Governor Andrew Bailey explains the decision to maintain the bank rate at 3.75% in a 6-3 vote split following the July monetary policy meeting and responds to questions from the press.Key quotes”UK market curve is entirely consistent with our reading of the economy.””Should attach a lower…

What caused the Australian Dollar weakens this week?

The AUD/JPY cross declines to around 113.65 during the early European session on Thursday. The pair currently trades 0.65% lower on the week as the likelihood of the Reserve Bank of Australia (RBA) raising interest rates has fallen. Traders await Japan’s Tokyo Consumer Price Index (CPI) inflation report and the Bank of Japan (BoJ) interest rate decision later on Friday.Australia’s headline CPI inflation eased to 3.8% YoY in June from 4.0% in May, the Australian…

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