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EUR/JPY rises sharply as Japanese bond yields hit 17-year high
EUR/JPY trades around 180.90 at the time of writing, up 0.45% on the day, reaching a new multi-year high amid intensifying pressure on Japanese government Bonds. The move is…
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XAU/USD rallies beyond $4,100 on risk-off trading
Gold (XAU/USD) is trading higher for the second consecutive day on Wednesday, reaching intra-week highs, right above $4,100, favoured by the risk-averse markets and heightened…
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EUR/USD extends losses as Eurozone inflation pressures moderate
EUR/USD has given away gains after another rejection at the 1.1600 area to reach fresh weekly lows at.1.1565 following the release of Eurozone inflation figures. The pair is…
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Likely to trade with a downward bias toward 0.646 – UOB Group
Instead of continuing to weaken, Australian Dollar (AUD) is more likely to trade in a range between 0.6485 and 0.6530. In the longer run, AUD is likely to trade with a downward…
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Pound Sterling slides as UK inflation decelerates as expected
The Pound Sterling (GBP) declines sharply against its major currency peers on Wednesday, following the release of the United Kingdom (UK) Consumer Price Index (CPI) data for…