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    Zimbabwe Devalues Gold-Backed Currency by 44%

    Zimbabwe Devalues Gold-Backed Currency by 44%

    The Reserve Bank of Zimbabwe (RBZ) has devalued the Zimbabwe Gold (Zig) by 44%, causing the currency to plummet from 13.98 to 24.3 against the U.S. dollar. This drastic move addresses rising exchange rate volatility and inflationary pressures that have plagued the...
    CME Fedwatch Favors Half-Point Cut Ahead of FOMC Meeting

    CME Fedwatch Favors Half-Point Cut Ahead of FOMC Meeting

    In just 40 days, the U.S. Federal Open Market Committee (FOMC) will gather to decide whether the central bank will lower the benchmark interest rate. This pivotal moment occurs two days after the 2024 U.S. Election Day. As it stands, CME futures data suggests that a...
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