Forex
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Offshore Yuan Extend Gains
The offshore yuan appreciated to around 7.12 per dollar on Monday, extending the previous session’s gains, driven by fresh policy…
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GBP/USD gains ground above 1.3400 as US PCE inflation data support Fed rate cut bets
GBP/USD gains traction around 1.3415 in Monday’s early Asian session. Softer US PCE inflation fueled confidence in further Fed monetary easing. …
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USD/CHF falls to near 0.7950, awaits updates on US government shutdown risks
USD/CHF loses ground as the Greenback extends its losses due to US government shutdown risks. The US August inflation report…
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NZD/USD strengthens above 0.5750 on growing risk of US government shutdown
NZD/USD gains momentum around 0.5770 in Monday’s Asian session. A possible government shutdown could undermine the US Dollar. Analysts noted…
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EUR/USD gains above 1.1700 due to rising Fed rate cut bets
EUR/USD gains ground as the US Dollar weakens on increasing odds of further Fed rate cuts. US Personal Consumption Expenditures…
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USD/CAD remains below 1.3950 after pulling back from four-month highs
USD/CAD retreated after reaching a four-month high of 1.3958 on Friday. The US Dollar struggles as the August inflation report…
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US Dollar Index attracts some sellers below 98.00 as US government risks shutdown
US Dollar Index tumbles to near 97.95 in Monday’s Asian session. Trump will meet with the top leaders in Congress later…
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Australian Dollar rises as US Dollar depreciates on Fed rate cut bets
Australian Dollar advances as RBA is widely expected to keep its interest rates unchanged on Tuesday. Australia posted a budget…
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Chart of The Day – EUR/USD
The euro is today the strongest G10 currency, rebounding about 0.15% against the dollar after two days of the deepest…
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GBP/USD stays near 1.3350 as traders adopt caution due to UK inflation risks
GBP/USD holds ground as the Pound Sterling steadies on the uncertain BoE policy stance. BoE’s Megan Greene signals caution on…
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