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Argentina’s annual inflation rate has reached a staggering 211% in December, marking its highest level since the early 1990s. The newly-elected libertarian President Javier Milei has implemented tough austerity measures in an attempt to combat hyperinflation. This article will delve into the causes and consequences of Argentina’s skyrocketing inflation rate. As a response to the
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The AUD/USD exchange rate experienced a slight gain of 0.19% after a previous decline of 0.49% during the previous session. This article explores the potential impact of trade data from Australia and US inflation numbers on the Australian dollar. The analysis delves into the trade relationship between Australia and China, as well as the labor
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The Euro (EUR) has shown strength in the currency market, gaining ground against other major currencies. Despite cautious statements from European Central Bank (ECB) policymakers, the Eurozone’s November Unemployment Rate ticking lower has helped bolster the Euro. This positive data has outweighed the contractionary economic activity figures, surprising investors with better-than-expected results. The Euro has
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The U.S. stock market closed higher on Wednesday, driven by strong performances from megacap companies. However, gains were limited as investors awaited inflation reports and major bank earnings later in the week. Despite the positive momentum, stocks have struggled to find consistent upward movement, with mixed economic data and Federal Reserve officials’ comments impacting investor
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Treasury Secretary Janet Yellen has expressed her concerns over former President Donald Trump’s proposal to raise tariffs by 10% across the board. Yellen emphasized that such a plan would ultimately lead to increased costs for American businesses and consumers. While acknowledging the fact that tariffs can be appropriate in certain cases, Yellen indicated that implementing
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