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Markets
Dow Jones declines as AI sector doubts and Fed rate cut hopes persist
The Dow Jones Industrial Average (DJIA) hit another weak patch on Monday, backsliding nearly 500 points and slipping back below the 47,000 handle to start the new trading week with…
Focus should be on RBA Minutes, ADP Weekly and Fedspeak
The US Dollar (USD) managed to regain fresh upside impulse on Monday, rebounding from recent multi-day lows as market participants continued to gauge upcoming US data releases and…
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USD/JPY holds near nine-month highs as USD strengthens
The Japanese Yen (JPY) weakens against the US Dollar (USD) on Monday as Japan’s expansionary fiscal stance under Prime Minister Sanae Takaichi continues to weigh on the currency.…
Steadies near 1.3165 as markets brace for key US jobs data
GBP/USD steadies near 1.3165 as markets brace for key US jobs dataThe Pound Sterling (GBP) remains firm during the North American session on Monday as traders prepare for the first…
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EUR/GBP retreats from highs as sterling firms on BoE inflation risks
The Euro weakens against the British Pound on Monday, with EUR/GBP extending its pullback after climbing to fresh year-to-date highs near 0.8865 on Friday, as traders react to…
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EUR/CAD slides as Canadian CPI mixed, Oil market stabilizes
EUR/CAD trades lower on Monday around 1.6250 at the time of writing, down 0.30% on the day, after Canada published a set of mixed inflation data for October. Market reaction…
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