Japanese Yen Holds Near 2024 Low Against US Dollar: MUFG Analysis
The Japanese Yen continues to trade near its 2024 low against the US Dollar, according to a recent analysis from MUFG Bank. The
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Australian Dollar: Soft Data Reinforces RBA No-Hike Stance, Says Commerzbank
The Australian Dollar (AUD) is facing sustained pressure as recent economic data continues to paint a picture of a sluggish domestic economy, reinforcing
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BoJ’s Tamura Urges Rate Hikes Toward Neutral to Curb Inflation Overshoot Risks
Bank of Japan (BoJ) board member Hajime Tamura stated on Wednesday that the central bank should raise interest rates toward a neutral level,
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NZD/USD Slides to 0.5650 as Bearish Pressure Intensifies: Technical Outlook
The New Zealand Dollar extended its recent decline against the US Dollar on Thursday, with the NZD/USD pair falling to near the 0.5650
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Tech Earnings Counter Oil Market Uncertainty, Says Danske Bank
Danske Bank has highlighted that strong earnings from the technology sector are currently offsetting the volatility seen in oil markets, providing a stabilizing
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Silver Price Hovers Near Seven-Month Lows as Market Awaits US Inflation Data
Silver prices (XAG/USD) are trading near seven-month lows, hovering around the $57 mark, as market participants turn their attention to the upcoming US
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Euro Slips Against Sterling as Market Bets on ECB Rate Hikes Diminish
The euro weakened against the British pound on Tuesday, extending its recent decline as financial markets pared back expectations for further interest rate
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Euro Downtrend Nears 1.1325 Against US Dollar, UOB Analysts Warn of Stretched Move
The euro’s prolonged decline against the US dollar is showing signs of being overextended, with the currency pair approaching the 1.1325 level, according
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WTI crude slides to pre-conflict levels near $69 as global supply fears recede
West Texas Intermediate crude oil extended its recent decline on Tuesday, falling to around $69 per barrel — a level not seen since
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Core PCE Inflation Expected to Rise in May, Strengthening Fed Rate Hike Bets
The U.S. core Personal Consumption Expenditures (PCE) price index is projected to show an uptick in May, a development that could reinforce expectations