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Japanese Yen weakens further as fiscal and political concerns persist
The Japanese Yen (JPY) extends the descending trend against its American counterpart for the fourth straight day on Wednesday and drops to a nearly two-week low during the Asian…
Steadies above 1.3700 near nine-day EMA support
GBP/USD steadies after registering modest gains in the previous session, trading around 1.3700 during the Asian hours on Wednesday. The technical analysis of the daily chart points…
Australian Dollar steadies following China’s Services PMI data
The Australian Dollar (AUD) advances against the US Dollar (USD) on Wednesday after registering over 1% gains in the previous session. The AUD/USD pair holds ground after China's…
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…