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Consolidation with key levels in focus – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong note that Gold has rebounded on softer US CPI and expectations of prolonged easy Fed policy, but the move remains measured after…
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Gold weakens, but Fed rate cut bets undermine USD and limit losses
Gold (XAU/USD) remains depressed through the early European session on Monday, though it has managed to rebound from the daily trough and currently trades around the $5,000…
Carry under pressure with tighter conditions – BNY
BNY’s EMEA Macro Strategist Geoff Yu argues that tighter global financial conditions and peaking risk appetite are challenging EM FX carry trades. High-yielding and Latin American…
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Indian Rupee declines as bleeding IT stocks prompt foreign outflows
The Indian Rupee (INR) opens lower against the US Dollar (USD) at the start of the week. The USD/INR pair rises to near 90.70 as the Indian Rupee has come under pressure following…
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Gold price in Saudi Arabia: Rates on February 16
Gold prices fell in Saudi Arabia on Monday, according to data compiled by FXStreet.The price for Gold stood at 600.09 Saudi Riyals (SAR) per gram, down compared with the SAR 606.75…
Canadian Dollar consolidates vs USD; await Canadian CPI/FOMC minutes
The USD/CAD pair is seen extending its sideways consolidative price move for the second straight day and trading above the 1.3600 mark during the Asian session on Monday. Moreover,…