FX.co ★ Forex Humor. A look at the Forex market with Humor
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Offshore yuan hits 4-year high despite domestic credit slump
The offshore yuan strengthened to about 6.7 per dollar, marking its highest level in four years, as the People’s Bank of China has methodically raised the daily reference rate...
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Trump slams Fed rate hike, urges cuts to 1% while endorsing Warsh
US President Donald Trump criticized the Federal Reserve’s decision to raise interest rates to combat inflation, then later said he still had confidence in Fed Chair Kevin Warsh. In posts...
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Goldman Sachs: central banks to power gold rally despite Fed tightening
The Federal Reserve’s tightening will only slow, but not halt, the global gold rush. According to Goldman Sachs analysts, investors should not panic over the Fed’s rate hike in September...
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Trump threatens EU with heavy tariffs over Europe’s rapprochement with Canada
US President Donald Trump has threatened to partially halt trade with the European Union and impose hefty tariffs if EU authorities grant Canada the status of an associate member. Speaking...
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Macron demands government “full mobilization” to tackle gasoline problems
France’s President Emmanuel Macron has demanded that the government declare a full mobilization to prevent fuel shortages and stop gasoline prices from rising at service stations. After a cabinet meeting...
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Coinbase CEO says Bitcoin already at its bottom and calls wealth tax “unethical”
Brian Armstrong, CEO of cryptocurrency exchange Coinbase, believes Bitcoin has already passed the lowest point of the current downturn and will move into a confident uptrend over the next couple...
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Six‑month Iran conflict costs US $38bn as monthly bills hit $3bn
The six‑month military confrontation with Iran has cost the US budget about $38 billion, with expenditures running at roughly $3 billion a month, analysts at the Congressional Budget Office...
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EU industry reels from trade imbalance and cooling Chinese demand
A widening trade gap between the European Union and China is now inflicting roughly €1 billion a day in losses on the European economy, European Commission President Ursula...
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EU takes €90bn hit as Strait of Hormuz blockade pushes up energy costs
According to European Commission President Ursula von der Leyen, the European Union has incurred roughly €90 billion in extra costs for oil and gas after the conflict around the Strait...
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US Treasury says yen rescue averted global turmoil and helped US exporters
US Treasury Secretary Scott Bessent defended Washington’s decision to support the Japanese yen and called the operation beneficial for America. In late July, the yen fell against the dollar...
