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Dollar calm as Fed urges patience; kiwi surges on hawkish RBNZ outlook

The dollar was steady against
a handful of peers on Wednesday as investors assessed calls for
patience from Federal Reserve officials and awaited Fed meeting
minutes for more insight on the central.
-May 22, 2024 at 01:15 am EDT
- MarketScreener ....

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Dollar Holds Steady Amid Global Rate Discussions and Economic Insights

The dollar remained stable against major currencies as investors awaited further insights from the Federal Reserve's meeting minutes. The New Zealand dollar saw a notable rise following an optimistic forecast by the Reserve Bank of New Zealand. Investors are keenly watching economic data and Fed comments for future rate cut indications. ....

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Dollar Edges Higher Amid Fed Anticipation; Pound Rallies on Strong UK Inflation Data

The dollar rose on Wednesday ahead of Federal Reserve meeting minutes, while the pound surged after UK's inflation rate fell less than expected. Analysts suggest U.S. inflation data due May 31 will be crucial. Meanwhile, New Zealand held its rate steady but raised peak interest forecasts amid persistent inflation. ....

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Dollar calm

TOKYO- The dollar was steady against a handful of peers on Wednesday as investors assessed calls for patience from Federal Reserve officials and awaited Fe. ....

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AI Mania to Boost Korean Won as Analysts Bet Chip Slump Will End

(Bloomberg) A tentative rebound in the South Korean won may get an additional tailwind in the second half of the year thanks to the global boom in artificial intelligence.Most Read from BloombergBillionaire Sternlicht Sees ‘Category 5 Hurricane’ Spurred by Fed Rate HikesApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAISelloffs, Inequality, China Tension: Here Are the Next Big RisksNadella’s Microsoft Payouts Top $1 Billion on 1,000% Stock BoomThat’s expected to boost expor ....

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