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Markets
Canadian Dollar gains ground as jobs data lifts Loonie
The Canadian Dollar (CAD) climbed sharply on Friday, adding half a percent against the US Dollar (USD) after January labor market data showed the unemployment rate dropping to…
Gold surges over 3% as dip buyers pounce on weaker USD
Gold price (XAU/USD) rallies more than 3% on Friday, poised for a decent weekly gain as dip buyers emerged, following a session that pushed the yellow metal below the $4,800 mark.…
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Dow Jones surges 1,050 points as stocks rebound from tech selloff
The Dow Jones Industrial Average surged 1,050 points, or 2.15%, to close at 49,958.72, a fresh record high on Friday as stocks rebounded sharply from Thursday's tech-led selloff.…
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Silver rebounds sharply on safe-haven demand, rate cut speculation
Silver (XAG/USD) trades firmly higher on Friday and hovers around $76.20 at the time of writing, posting gains of 3.50% on the day. After coming under pressure earlier in the day,…
Rebounds as US Dollar retreats, but weekly losses persist
GBP/USD rebounds as US Dollar retreats, but weekly losses persistThe Pound Sterling (GBP) recovers on Friday, up by 0.60% as the US Dollar (USD) makes a U-turn, erasing Thursday’s…
US UoM Consumer Sentiment Index improves to 57.3 in February vs. 55 expected
Consumer confidence in the US improved slightly in February, with the University of Michigan's Consumer Sentiment Index rising to 57.3 from 56.4 in January. This print came in…
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Pound pressured by BoE and politics – MUFG
Lee Hardman from MUFG highlights that the Pound has sold off sharply, with EUR/GBP breaking above its 200-day moving average as markets reprice a more dovish Bank of England path.…