The Krona was weaker after Riksbank, Sweden's central bank, hiked its policy rate by 50bp to 3.50% but gave 'dovish' guidance that implied it was close to ending its rate hiking cycle.
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Looming elections and unsustainable currency-defence economic policies are unlikely to prevent a sizeable slide in the value of the Turkish Lira before year-end.
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GBP/AED has been trending higher, with technical studies suggesting that further upside can be expected over the next three months.
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The Norwegian Krone outperformed its major peers on Thursday after the Norges Bank raised interest rates and committed to further rate hikes.
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Many European share markets were higher ahead of the North American open on Thursday including those in Switzerland, France and Germany, in a potentially favourable outcome for TS Lombard strategis…
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