Japanese Yen Holds Steady as US PCE Data Offers No Surprises
The Japanese yen remained largely unchanged against the U.S. dollar on Friday, as traders digested the latest U.S. Personal Consumption Expenditures (PCE) price
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Trump Announces Lifting of Naval Blockade, Citing Diplomatic Progress
In a significant shift in US maritime policy, President Donald Trump announced today that the naval blockade previously imposed on a key region
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Gold Extends Recovery on US-Iran Deal Hopes, but Hawkish Fed Signals Limit Gains
Gold prices extended their recovery during Wednesday trading, buoyed by renewed optimism surrounding potential progress in US-Iran nuclear negotiations. However, gains remained capped
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RBI Moves to Expand Digital Rupee for Welfare and Cross-Border Payments
The Reserve Bank of India (RBI) is advancing plans to broaden the use of its central bank digital currency (CBDC), the digital rupee,
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JPMorgan exits Turkish lira overweight after 55% surge since 2023
JPMorgan Chase has exited its overweight position on the Turkish lira, closing a trade that delivered a 55% gain since it was initiated
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Iceland’s Króna Under Scrutiny: Government Report Questions Currency’s Net Value
A newly released government report has cast doubt on the long-held assumption that Iceland’s independent currency, the króna, is a net positive for
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Fed’s Paulson Warns Inflation Pressures Continue to Weigh on Economic Growth
Federal Reserve official Paulson stated this week that persistent inflation pressures remain a significant drag on the U.S. economy, signaling that the central
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Progress on Lowering Inflation Has Stalled, Fed’s Bowman Says, Citing Iran Conflict
Federal Reserve Governor Michelle Bowman delivered a stark assessment on Wednesday, stating that progress toward lowering inflation has effectively stalled, and she directly
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India’s Forex Reserves Hit 14-Month Low at $681.4 Billion as RBI Intervenes to Stabilize Rupee
India’s foreign exchange reserves fell to a 14-month low of $681.4 billion for the week ending January 31, 2025, according to data released
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Iran’s Top Negotiator Qalibaf: ‘We Have No Trust in Guarantees or Words’
Iran’s top nuclear negotiator, Mohammad Qalibaf, has delivered a stark assessment of the current state of diplomatic talks, stating unequivocally that Tehran places