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Swiss Investor Confidence Deteriorates In September

Optimism among Swiss financial analysts deteriorated notably in September, survey data from the investment bank Credit Suisse and the CFA Society Switzerland showed Wednesday. The investor confidence index fell to -30.8 in September from -14.3 in August. This was the most negative assessment since the abandonment of the EUR/CHF minimum exchange rate by the Swiss…

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US To Suffer Due To Trade War While China Will Gain: ECB

The United States stands to lose in a trade war, while China may benefit initially, a research report by the European Central Bank showed on Wednesday. ECB researchers Allan Gloe Dizioli and Bj?rn van Roye studied a scenario in which the US hikes tariffs on all imports by 10 percentage points and its trading partners…

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UK Retail Sales Growth Slows In September: CBI

UK retailers reported a slower pace of growth in sales volumes in September and expect it to remain so again next month, the latest Distributive Trades Survey from the Confederation of British Industry showed Wednesday. The retail sales balance fell to 23 percent in September from 29 percent in August. Retailers forecast sales growth to…

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Dollar Little Changed Following U.S. New Home Sales

At 10:00 am ET Wednesday, U.S. new home sales data for August has been released. The greenback changed little against its major rivals after the data. The greenback was trading at 113.04 against the yen, 0.9693 against the franc, 1.1735 against the euro and 1.3163 against the pound around 10:01 am ET. The material has…

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Gold Drifts Lower Ahead Of Fed Rate Decision

Gold prices edged lower on Wednesday and the dollar held flat as investors eagerly awaited the latest monetary policy update by the Federal Reserve. Spot gold was down 0.12 percent at $1,198.53 per ounce while U.S. gold futures were down 0.21 percent at $1,202.60. The Federal Reserve is set to raise interest rates for a…

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Dollar Mixed Ahead Of U.S. New Home Sales

At 10:00 am ET Wednesday, U.S. new home sales data for August is due. Ahead of the data, the greenback traded mixed against its major rivals. While the greenback rose against the yen, franc and the euro, it held steady against the pound. The greenback was worth 112.99 against the yen, 0.9694 against the franc,…

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Czech Central Bank Hikes Rate For Fourth Time This Year

The Czech central bank raised its key interest rate on Wednesday for a third consecutive policy session and for the fourth time this year, as policymakers assessed that risks to the inflation outlook were balanced. The Bank Board of the Czech National Bank raised the benchmark 2-week repo rate by 25 basis points to 1.50…