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Forex
WTI moves below $80.00 due to a surprise build in US crude stockpiles
WTI price loses ground as a surprise build on US crude stockpiles raised concerns about weakening demand.
US EIA Crude Oil Stocks Change increased by 3.591…
Japan’s Hayashi: Will take appropriate steps on excessive FX moves
Japan’s Chief Cabinet Secretary Hayashi echoed comments from the country’s Finance Minister Shunich Suzuki on Wednesday, noting that he “will take appropriate…
USD/JPY retreats from 38-year peak, downside potential seems limited
USD/JPY bulls opt to take some profits off the table amid intervention fears.
The upbeat Japanese Retail Sales underpin the JPY and also exert pressure.…
EUR/USD pinned into low end below 1.0700 once again
EUR/USD flubs the 1.0700 handle as bearish flows keep the Fiber pinned.
Broad-market sentiment favored the Greenback on Wednesday as rate cut hopes dry up.…
Gold price prolongs its agony and sinks below $2,300
Gold drops pressured by strong USD and rising Treasury yields.
DXY hits new monthly peak at 106.13, 10-year yield is up 5.5 bps.
Fed’s Bowman hints at…
GBP/JPY sets new 16-year high for a fourth straight day
GBP/JPY continues to climb to fresh highs as Yen extends backslide.
Floundering JPY draws out more direct warnings from Japanese officials.
Market flows…
US Treasury yields rise as global inflation fears mount
US Treasury yields climb as global inflation data sparks fears; 10-year bond yield rises to 4.320%.
Canadian and Australian inflation data higher than…
Dow Jones Industrial Average churns on middling Wednesday markets
Dow Jones hung up on the 39,000.00 handle amid quiet midweek markets.
Fedspeak continues to press down on rate cut hopes.
Investors buckle down for the…
US Dollar climbs to highs in over a month as US Treasury yields increase
US Dollar extended recovery to Wednesday, reaching 106.00, its highest level since early May.
Rising US Treasury yields lent support to the US currency.…
Mexican Peso depreciates further as traders await Banxico’s decision
Mexican Peso falls for second consecutive day against US Dollar.
USD/MXN hits a daily high of 18.33 before trimming gains as Wall Street turns green.…