Forex Today: Gear up for more market turmoil

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Forex Today: Gear up for more market turmoil – by ValBednarik EURUSD XAUUSD CryptoCurrencies Inflation Growth

Fears remain the same, but the market does not. The dollar ended the day unevenly across the FX board, despite Wall Street resuming its slump and trimming all Wednesday’s gains. Treasury yields remained stable, with the 10-year note yielding 3.75% and the 2-year note 4.17%.suspected sabotage of the Nord Stream pipelines

Additionally, Bank of England Chief Economist Huw Pill noted that “it’s hard to avoid the conclusion thatin November,” following the controversial measures adopted by the government and the central bank in the last few days.rose at an annual pace of 10.9%. The EU will publish the first estimate of the Consumer Price Index on Friday, while the US will release the PCE Price Index, the Fed’s favorite inflation measure.

 

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