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Markets
Gold holds steady near $5,200 ahead of US CPI inflation release
Gold price (XAU/USD) holds steady near $5,190 during the early Asian session on Wednesday. The precious metal steadies after a period of volatility following signals of potential…
Clings around 158.00 on risk-off mood
The USD/JPY edges higher on Tuesday, rising nearly 0.25% as risk appetite deteriorated late in the New York session, even though the US President Donald Trump hinted a…
Kiwi fails to hold onto gains
The NZD/USD pair is trading near the 0.5930 price region, reversing its intraday gains late in the American session. At the start of the day, the US Dollar (USD) lost momentum…
Soaring fuel prices expected to cast long shadow across US economy
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Hits multi-year high past 0.7100
The Australian Dollar (AUD) surges nearly 1% on Tuesday on speculation that the Reserve Bank of Australia (RBA) might raise rates at its March meeting. At the time of writing, the…
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Energy shock risk lingers with Hormuz exposure – MUFG
MUFG’s Senior Currency Analyst Michael Wan argues Asian currencies have been buffeted by Iran-related headlines as Asia’s heavy reliance on Middle East energy and Strait of Hormuz…
There is no return to normal on oil any time soon
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US Dollar Index retreats from Iran war highs as safe-haven bid fades
The US Dollar Index (DXY) fell to 98.50 on Tuesday, pulling back from last week's highs as safe-haven demand eased following US President Donald Trump's comments suggesting the…
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