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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…
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Gold rises, according to FXStreet data
Gold prices rose in India on Wednesday, according to data compiled by FXStreet.The price for Gold stood at 11,654.24 Indian Rupees (INR) per gram, up compared with the INR…
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Japanese Yen struggles to lure buyers amid BoJ uncertainty
The Japanese Yen (JPY) struggles to capitalize on a modest intraday uptick against a softer US Dollar (USD) and remains close to a nine-month low, touched the previous day.…
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New Zealand Dollar tumbles below 0.5650 on RBNZ rate cut bets
The NZD/USD pair remains on the defensive near 0.5630 during the early European session on Wednesday. Expectations of an imminent interest rate cut from the Reserve Bank of New…