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Markets
RBA to hold cash rate at 3.60% through 2026 — Reuters poll
The Reserve Bank of Australia (RBA) will hold its cash rate at 3.60% at its December next week and keep it steady through 2026, according to the latest Reuters poll.All 38…
PBOC sets USD/CNY reference rate at 7.0749 vs. 7.0733 previous
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0749 compared to the previous day's fix of 7.0733 and 7.0751 Reuters…
Gold flat lines near $4,200 ahead of US PCE inflation release
Gold price (XAU/USD) trades on a flat note near $4,205 during the early Asian trading hours on Friday. Rising US Treasury yields and upbeat US jobs data cap upside for the precious…
Japanese Yen drifts higher to near 155.05 on Fed rate cut expectations
The USD/JPY pair remains weak near 155.05 during the early Asian session on Friday. Rising bets for a rate cut by the US Federal Reserve (Fed) next week and weaker US economic data…
US PCE data takes centre stage alongside the flash U-Mich gauge
The US Dollar (USD) struggled for direction amid the ongoing and intense bearish trend in place since late November. Rising bets for a rate cut by the Federal Reserve (Fed) next…
Gold firm as Fed rate cut bets remain strong despite mixed US data
Gold (XAU/USD) registers modest gains on Thursday, even though the latest US jobs data indicates that the labor market remains resilient, though signs of cooling are emerging. High…
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Dow Jones sees little bullish momentum on Thursday
The Dow Jones Industrial Average (DJIA) spun in a tight circle near 48,000 on Thursday before retreating around 200 points. Equity markets are taking a break and slowing their…
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AUD/USD hits highest since October as speculation of a hawkish RBA builds
The Australian Dollar extends gains against the US Dollar on Thursday as markets scale back expectations of additional rate cuts by the Reserve Bank of Australia (RBA). At the time…