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Markets
Slumps against US Dollar as Greenback turns positive
Pound Sterling slumps against US Dollar as Greenback turns positiveThe Pound Sterling (GBP) trades 0.4% lower to near 1.3130 against the US Dollar (USD) during the European trading…
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NZD/USD climbs on US Dollar weakness, RBNZ easing caps Kiwi gains
NZD/USD trades higher around 0.5680 on Friday, up 0.60% on the day at the time of writing. The pair benefits from a softer US Dollar (USD) as investors remain cautious ahead of the…
Gold falls below $4,100 as Fed hawks dampen December rate cut hopes
Gold (XAU/USD) tumbles nearly 2% on Friday, yet it has recovered after reaching a daily low of $4,032 on growing speculation that the Federal Reserve (Fed) might pause its easing…
The change in border policy is disinflationary
Federal Reserve (Fed) governor Stephen Miran spoke at a Fox Business interview on Friday, stating that monetary policy should be forward-looking and that wage gains have…
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Dow Jones Industrial Average slides as AI stocks recover, data awaited
The Dow Jones Industrial Average (DJIA) lagged behind its major index peers on Friday, backsliding nearly 600 points at its lowest before staging a half-hearted recovery, trimming…
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USD/JPY rebounds toward nine-month highs as US Dollar steadies
USD/JPY trims early losses on Friday, with the pair rebounding toward nine-month highs as the US Dollar (USD) stabilizes. At the time of writing, USD/JPY is trading around 154.70,…
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