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Markets
WTI drifts higher above $63.50 after US shoots down Iranian drone
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.75 during the Asian trading hours on Wednesday. The WTI price edges higher amid fears of rising…
PBOC sets USD/CNY reference rate at 6.9533 vs. 6.9608 previous
On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.9533 compared to the previous day's fix of 6.9608 and 6.9385…
Gold recovers above $4,950 as US-Iran tensions boost safe-haven demand
Gold price (XAU/USD) trades in positive territory near $4,985 during the early Asian session on Wednesday. The precious metal extends the rebound after a historic and volatile…
GBP/USD consolidates ahead of Bank of England rate decision
The Pound Sterling (GBP) traded in a narrow range against the US Dollar (USD) on Tuesday, edging modestly higher to near 1.3700 as markets adopted a cautious stance ahead of the…
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Trade deal boosts performance – BBH
According to Brown Brothers Harriman (BBH) analysts, the Indian Rupee (INR) has outperformed following a trade deal between the US and India. The agreement includes significant…
Canadian Dollar crimps two-day losing streak on Tuesday
• The Canadian Dollar found fresh footing on Tuesday, keeping USD/CAD bids below 1.3700.• Soft Canadian GDP data and falling oil prices weighed on the Loonie, while the Greenback…
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RBA strikes hawkish tone while US shutdown delays jobs data
Here is what you need to know on Wednesday, February 4:The Reserve Bank of Australia (RBA) raised its interest rate by 25 basis points to 3.85%, aligning with market expectations.…
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