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Dollar weakens as Powell’s testimony offers little surprise; sterling steady

Dollar weakens as Powell’s testimony offers little surprise; sterling steady

© Reuters. FILE PHOTO: U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo   AUD/USD -0.13% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: Please name your holdings portfolio Type: BUY SELL Date:   Amount: Price Point Value: Leverage: 1:1 1:10 1:25 1:50 1:100…

Russia’s central bank sounds alarms on the economy as the falling ruble and record labor shortage add inflationary pressures

Russia’s central bank sounds alarms on the economy as the falling ruble and record labor shortage add inflationary pressures

Russia’s central bank sounded alarms on the economy Friday as the falling ruble and a record labor shortage add inflationary pressures.Policymakers kept the benchmark interest rate steady at 7.5%, where it has been since September, but signaled an increase may be coming soon.”The option of hiking the rate was considered, but by consensus we decided…

Swiss National Bank Chairman hints at rate rises to tackle inflation

Swiss National Bank Chairman hints at rate rises to tackle inflation

© Reuters. FILE PHOTO: Swiss National Bank Chairman Thomas Jordan attends the shareholders meeting of SNB in Bern, Switzerland, April 28, 2023. REUTERS/Denis Balibouse ZURICH (Reuters) – The Swiss National Bank could raise interest rates to tackle inflation which remains above target, Chairman Thomas Jordan said in an interview published on Saturday, Jordan defended the…