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Week 38 data: Central banks & Fed in focus
This week, the markets started with higher activity as oil continued its recent strong gains and gold’s recovery also seemed to be gathering pace. The dollar was near six-month highs while Asian and European shares were mostly more cautious. This preview of weekly data looks at XAUUSD and GBPUSD ahead of critical meetings of central banks over the next few days. Last week the European Central Bank called for a single hike, which was not widely expected, taking the main refinancing rate to 4.5%. The Central Bank of the Russian Federation also hiked its key rate a full percent to 13%, citing inflation and the ongoing ... (full story)