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Markets
USD/CNH extends decline toward 2024 lows – Société Générale
USD/CNH has dropped to the 2024 low around 6.96 after breaking the lower boundary of a descending triangle, with no clear rebound signals yet, Société Générale's FX analysts note.…
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Eurozone Prelim HICP rises moderately by 2% in December, as expected
Eurozone flash Harmonized Index of Consumer Prices (HICP) rises at an annualized pace of 2% in December, as expected, slower tahn 2.1% in November. On month, price pressures grew…
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Kiwi loses momentum after rejection at 0.5800
The New Zealand Dollar is moving without a clear bias against the US Dollar, trading within a tight range around 0.5780 on Wednesday. Technical indicators, however, are turning…
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Slips below 183.00 as momentum weakens
EUR/JPY extends its losses for the fourth successive session, trading around 182.80 during the European hours on Wednesday. The currency cross remains subdued following the release…
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German Retail Sales rise 1.1% YoY in November
Retail Sales in Germany climbed 1.1% year-over-year (YoY) in November, following an increase of 0.9% in October, according to official data released by Destatis on Wednesday.On a…
Canadian Dollar softens to near 1.3800 as crude oil dips
The USD/CAD pair trades with mild gains near 1.3810 during the early European session on Wednesday. A fall in crude oil prices exerts some selling pressure on the commodity-linked…