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Markets
XAG/USD hits $86 record amid Powell indictment
Silver (XAG/USD) rally extends for the second straight day on Monday, with buyers pushing prices to a new record high of $86.23 a troy ounce, posting daily gains of nearly 7.50%,…
GBP/USD rallies as Fed independence fears trigger US Dollar sell-off
The British Pound (GBP) stages a comeback on Monday as traders grow risk-averse following threats to the US Federal Reserve (Fed) independence. A scarce economic docket in the UK…
US Dollar Index pulls back as Powell probe revives Fed independence concerns
The US Dollar Index (DXY), a gauge of the Greenback’s performance against six major currencies, edges lower on Monday as growing concerns over the Federal Reserve's (Fed)…
Euro strengthens amid broad USD weakness – Scotiabank
The Euro (EUR) is strong, up 0.4% vs. the US Dollar (USD) and a mid-performer among the G10 currencies in an environment of broad-based USD weakness, Scotiabank's Chief FX…
EUR/USD bounces up strongly with Fed independence in focus
EUR/USD is trading near 1.1690 at the time of writing, 0.4% higher on daily charts after bouncing from one-month lows at the 1.1620 area earlier on the day. An upbeat Eurozone…
Gold jumps to record highs amid Fed turmoil and rising geopolitical risks
Gold (XAU/USD) kicks off the week with strong upward momentum, surging to fresh record highs near the $4,600 psychological mark as renewed concerns over Federal Reserve (Fed)…
EUR/GBP recovery stalls below 0.8700 despite upbeat Eurozone data
The Euro posts minor losses against the British Pound on Monday, trading at 0.8670 at the time of writing, after failing to break resistance at 0.8690 for the second time over the…
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EUR and SEK seen as potential beneficiaries – ING
Despite limited euro-zone data and muted European Central Bank (ECB) messaging, EUR/USD could move toward 1.16 and potentially 1.17–1.1750 if concerns over Fed political risk ease,…
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