Importantly, the Core PCE Price Index came in lower than the market estimate of 3.3%. On a monthly basis, core PCE ticked higher to 0.2%, up from a revised 0.1% in July but less than the market estimate of 0.3%.
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The following Forex news reports are the latest developments of the Forex market. The news reports are updated frequently and include all the events that affect the foreign exchange trading industry.
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US PCE Inflation Report Due; Aussie Inflation Lower Than Expected; Fed Officials Split on Inflation & Rate Hikes, Hike Expectation Drops; US Dollar Slips; EUR/USD Reaches 1-Year Low; Gold Rebounds Weakly
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RBA Hikes by 0.25% to 4.60%, AUD/USD Falls Anyway; US Dollar Strong on Multi-Year High Yields; US Stocks Fall Firmly; Gold, Silver Drop Strongly; Bitcoin Holds but Loses Momentum
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Dollar, Oil Rise as Trump Rejects Iran Truce Proposal; Trump-Xi Summit Only Extends Trade Truce, Disappointing Markets
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The Swiss National Bank (SNB) left its policy rate unchanged at 0% on Thursday. The decision was widely expected by the markets, and the Swiss Franc has shown a muted response to the announcement.
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US Stock Indices Fall Sharply; US Dollar, Treasury Yields Hit Fresh Highs; Trump-Xi Summit Awaits
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Stocks Continue to Gain, Led by Tech; NASDAQ 100 Index Closes at Record High; Bullish Crypto Sector; Risk Appetite Returns on Easing Oil Price and Iran Diplomacy; US Dollar Completes Bullish Breakout
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US Stock Markets Rallied Strongly; Major Cryptocurrencies Make Bullish Breakouts; Markets Look Ahead to Trump/Xi Meeting
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The Federal Reserve raises rates for the first time since 2023, signals further tightening, and pushes the US Dollar higher while stocks retreat.
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Fed Signals Further October Hike Likely, USD Reaches 7-Week High; Bank of England Policy Meeting Awaits; Yen Continues to Weaken; Soybeans Make Fresh 2.5-Year High; Crude Oil Falls
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Markets Almost Unanimously Expecting 25bps Fed Hike Today; UK Inflation Expected to Rise to 3.1%; Crude Oil Remains Elevated; Japanese Yen Weakens; Soybeans Bullish Near 2.5-Year High Price
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Markets See 90% Chance of Fed Rate Hike, 10-Year Treasury Yield>5%; Canadian Inflation Contracted as Expected, Loonie Weaker; Crude Oil Remains Elevated as Tensions Continue in Hormuz; Yen Weaker
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Canadian CPI Data Due; Markets Awaiting US, UK Central Bank Meetings, UK Inflation; Bank of Japan and Fed Both Expected to Hike Rates Later; Yen Rise Pauses; WTI Crude Oil Remains Elevated Above $100
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The ECB last raised rates in June, the first rate hike since 2023, in response to the US-Iran war, which sent oil prices skyrocketing and pushed inflation higher. This scenario was repeated today, as renewed fighting in the Persian Gulf has pushed oil prices above $100 a barrel.
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ECB Expected to Hike Rate by 0.25% Today; Crude Oil Falling After Brent Breaks $100 on Hormuz Escalation; US PPI Data Release Today; Japanese Yen, Agricultural Commodities Remain Strong; US CPI Expected Unchanged Friday
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