Forex
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EUR/JPY Price Slips below 178.50 within oversold territory
EUR/JPY could test the lower boundary of the descending channel around 177.70. The 14-day Relative Strength Index at 23.09 indicates…
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Japanese Yen rises to seven-month high on BoJ rate hike bets
USD/JPY tumbles to near 153.50 in Tuesday’s early European session. Expectations that the BoJ could raise interest rates next week…
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Euro holds steady above 1.1600 as markets brace for US inflation data and ECB rate decision
EUR/USD flatlines near 1.1625 in Tuesday’s early European session. Markets are in a “wait-and-see” mode ahead of key US inflation…
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Rupee Retreats on Oil, Importer Demand
The Indian rupee fell to around 94.61 per dollar, retreating from more than two-month highs as rising oil prices and…
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Offshore Yuan Steady Near 2023 Peak
The offshore yuan held steady around 6.70 per dollar on Tuesday, remaining near its strongest level since January 2023, as…
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Australian Dollar remains steady following China’s Trade Balance data
AUD/USD moves little as China’s August Trade Balance came in at $119.09 billion, almost in line with $119.1 billion. Westpac…
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US Dollar Index (DXY) struggles below 99.00, two-week low as traders eye US inflation data
DXY drifts lower for the second straight day – also marking the fourth day of a fall in the previous…
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Canadian Dollar gains as US Dollar struggles despite rising Fed rate hike bets
USD/CAD struggles as the US Dollar declines despite growing expectations of a Fed rate hike in September. Canadian Dollar strengthens…
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GBP drifts higher to near 1.3550 on UK fiscal discipline pledges
GBP/USD gathers strength to around 1.3545 in Tuesday’s early Asian session. UK Chancellor John Healey unveils UK investment and regulation…
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Chart of the Day – USD/JPY lowest since February – what stands behind the decline?
The yen continues its appreciation, which began on September 2. On a weekly basis, the Japanese currency has strengthened against…
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