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Forex
NZD/USD has scope to test 0.5885 before levelling off – UOB Group
Rapid rise in New Zealand Dollar (NZD) has scope to test 0.5885 before levelling off becomes likely. In the longer run, NZD appears to have entered a…
EUR soft despite fresh highs – Scotiabank
The Euro (EUR) is down a modest 0.3% as it fades a slight portion of Friday’s gains, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.…
Pound Sterling corrects against USD, outlook remains firm on Powell’s dovish remarks
The Pound Sterling gives back some Fed Powell's dovish remarks-driven gains against the US Dollar.Fed’s Powell warns of downside labor market risks at Jackson…
USD/JPY: Likely to trade in a range between 146.80 and 147.85 – UOB Group
US Dollar (USD) is likely to trade in a range between 146.80 and 147.85. In the longer run, outlook is mixed; USD could trade in a range between 146.40 and…
The US housing market at a turning point: Towards a new reality?
The US housing market is going through a critical phase, marked by falling demand, rising interest rates and lasting structural tensions. Long buoyed by a…
PDD Holdings Inc. Sponsored ADR (PDD) Q2 earnings and revenues top estimates
PDD Holdings Inc. Sponsored ADR (PDD) came out with quarterly earnings of $3.08 per share, beating the Zacks Consensus Estimate of $1.91 per share. This…
Canadian Dollar steadies as crude oil recovery offsets Greenback rebound
The Canadian Dollar holds steady against the US Dollar on Monday as the USD/CAD pair consolidates recent losses.Crude oil prices tick higher, offering mild…
Gold clings to two-week highs as US Dollar stabilizes
Gold consolidates after rallying to a two-week high of $3,378 on Friday, driven by Fed Chair Powell’s dovish Jackson Hole remarks.Powell called the outlook a…
EUR/CHF retreats as Swiss employment data lifts Franc strength
EUR/CHF snaps a two-day winning streak after failing to clear the 0.9400 barrier.Swiss employment rises to 5.532M in Q2, up from 5.512M, showing a 0.6% annual…
PBOC sets USD/CNY reference rate at 7.1161 vs. 7.1321 previous
On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1161 as compared to the previous day's fix of…