Global cross-border payments business delivers another year of strong growth. Further demonstration of Moneycorp’s track record as investment in the platform delivers returns.
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The USD (by BBDXY measure) rose 0.3% yesterday, posting gains against all its G10 counterparts as weakness in risk assets drove haven demand.
The USD is set for its worst performance since Covid as the market is still anticipating the Fed lowers interest rates in the new year.
Gold kicks off the 2024 year on a promising note, demonstrating a firm-footing amid prospects of a reduction in interest rates by the Fed starting in March.
Overall employment trends remain strong or at least too strong to entertain urgent rate cuts.
The Dollar begins the week under pressure again with the Dollar Index now on the cusp of retesting multi-month lows as markets keep an eye on toward US inflation numbers set for Wednesday.
Today’s preliminary US Q1 GDP figures are likely to dominate market attention.
The US Dollar is rallying this morning on the back of the first Caucus election for the GOP candidate that will square off with Joe Biden.
Stronger quarterly earnings from the likes of Alphabet and Microsoft have helped to lift risk assets overnight.
It is another big week for US data, although none of it is likely to derail the Fed.
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