Dollar on rates-watch as traders wait on loans data

May 8, 2023

The dollar is stagnant after last week’s drop when the Federal Reserve hinted at the end of the U.S. rate increase cycle. The focus is now on U.S. inflation and bank lending data. Sterling is hovering just below an 11-month high and will be monitored ahead of the Bank of England rate increase on Thursday

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US dollar makes weekly gains on renewed trade deal optimism

The dollar is poised for a weekly gain against major currencies amid optimism surrounding potential U.S.-China trade talks, fueled by a recent U.S.-UK trade agreement.

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US-China trade talk optimism drives oil prices to weekly gains

Oil prices surged nearly 2% on Friday, marking their first weekly gain since mid-April, fueled by optimism surrounding a U.S.-UK trade agreement and upcoming U.S.-China

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