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Powell trumps inflation, weakening the dollar
In a tumultuous week, the yen surged with suspected Japanese intervention, while the US dollar faltered on a dovish Fed and a colder-than-expected US jobs report. Rate cut speculation returns ahead of the upcoming Bank of England meeting.
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Markets ignoring sticky inflation as big week looms
The conclusion of the week has been that US inflation remains sticky while US exceptionalism on the growth side is waning. Markets were mixed though, with equities rising, yields stamping new 5-month highs but the US dollar sliding against most peers.
“The integration with Convera will strengthen our network that supports our European clients in managing cross-border and multi-currency payments online.”
Gustav Korobov, Head of Sales, Advapay
Simple. Secure. Smart. See Convera’s global reach.
$170B+
USD equivalent turnover in 2023
26K+
Customers
140+
200+
Countries and territories served
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