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28 Mar 2023

NY Fed: Expected rent price increase for next year at 8.2% vs 11.5% last year

In a report published on Tuesday, the Federal Reserve Bank of New York said that the expected rent price increase for next year was at 8.2%, down from 11.5% last year, as reported by Reuters.

Additional takeaways

"Expected home price increase over next year at 2.6% vs 7% a year ago."

"Expected home price increase stands at lowest in survey history."

"A large majority of Americans still see housing as a good investment."

Market reaction

This headline doesn't seem to be impacting the US Dollar's performance against its rivals. At the time of press, the US Dollar Index was down 0.35% on the day at 102.48.

Mar 28, 2023

Gold Price Forecast: XAU/USD to average $2,000 over Q4 as Fed pivots – ING

Concerns over the banking sector have led to a move towards safe haven assets and Fold has clearly benefited from this. While economists at ING see a
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Mar 28, 2023

USD/MXN hits a three-week low as the greenback slides despite solid US Consumer data

USD/MXN dropped and extended its losses to a three-week low in early trading during the New York session. US equities are mixed, while the greenback c
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