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Markets
EUR/USD edges toward 1.16 as falling claims fail to shake dovish mood
The EUR/USD registers back-to-back bullish days boosted by speculation that the Federal Reserve might cut rates at the December meeting, following the release of a strong jobs…
Dow Jones climbs for fourth consecutive day on rate cut bets
The Dow Jones Industrial Average (DJIA) gained another 300 points on Wednesday, clawing back recent losses and retesting the 47,500 level. The major equity index has stepped into…
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Canadian Dollar gains ground as US Dollar recedes
The Canadian Dollar (CAD) found a fresh round of bidding strength on Wednesday, lurching into its highest levels against the US Dollar (USD) in a week. Loonie gains are unlikely to…
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Wages generally grew at a modest pace
The Federal Reserve (Fed) Beige Book is a document released eight times a year. This document gathers anecdotal information on current economic conditions in its District from Bank…
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WTI steady near one-month lows after EIA reports crude inventory build
West Texas Intermediate (WTI) Crude Oil trades little changed on Wednesday, hovering near one-month lows as traders show a muted reaction to the latest US Energy Information…
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USD/JPY holds firm as Yen softens despite weaker US Dollar and Fed rate cut bets
The Japanese Yen (JPY) remains under pressure against the US Dollar (USD) on Wednesday despite a broadly weaker Greenback. At the time of writing, USD/JPY is holding firm around…