June 6, 2023: Recent Developments and Market Highlights

The Australian dollar jumped after the interest rate hike, while the US dollar declined. The Australian dollar soared to its highest levels since mid-May on Tuesday, June 6th, after the Reserve Bank of Australia raised interest rates by 25 basis points to 4.1%, defying expectations of keeping them at 3.85%. Meanwhile, the US dollar continued

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May 8, 2023: Market’s Updates and News

Janet Yellen warns of economic chaos, and Biden calls for an urgent meeting. On Sunday, Janet Yellen, the Treasury Secretary, warned that failure to increase the debt ceiling would lead to a severe economic downturn in the United States. She further added that by June, the Treasury Department may exhaust its measures to pay its

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