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EUR/USD rallies on a brighter market mood and hopes of Fed rate cuts
EUR/USD appreciates for the third consecutive day on Wednesday, reaching levels right below the 1.1600 line from lows near 1.1500 earlier this week. Growing hopes that the US…
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A timely diversification opportunity for tech-heavy portfolios
Key pointsHealthcare was the best-performing S&P 500 sector over the past month, while information technology was one of the weakest.This divergence may indicate that markets…
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Japanese Yen stalls intraday slide amid BoJ-Fed policy divergence
The Japanese Yen (JPY) stalls its modest intraday pullback from a one-and-a-half-week low, touched against a broadly weaker US Dollar (USD) earlier this Wednesday, amid reports…
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USD/CNH hits 13-month lows below 7.0800 as Fed rate cut bets increase
USD/CNH extends its losses for the fourth consecutive day, reaching a 13-month low of 7.0782 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) comes…
USD/CHF retreats to mid-0.8000s as Fed rate cut bets weigh on USD
The USD/CHF pair is seen extending the previous day's pullback from a nearly three-week top – levels just above the 0.8100 mark – and losing ground for the second straight day on…
GBP/USD rises ahead of the UK Autumn Budget
GBP/USD rises to near 1.3200 ahead of UK Autumn BudgetGBP/USD continues its winning streak for the fifth consecutive day, trading around 1.3190 during the Asian hours on Wednesday.…