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BoJ likely to raise rates next week, barring major market rout following Trump inauguration – Bloomberg
Source Fxstreet
Bloomberg reported on Thursday, citing several unnamed people, that the Bank of Japan (BoJ) is expected to raise interest rates next week, barring a major market rout following US President-elect Donald Trump’s inauguration.
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Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
Gold (XAU/USD) catches fresh bids following the previous day's two-way price swings and trades with modest gains above the $5,350 level, during the Asian session on Tuesday.
The Pound Sterling (GBP) trades lower against its major currency peers, slides 0.3% to near 1.3360 against the US Dollar (USD) during the European trading session on Tuesday.