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  • Asia FX Hunkers Down Ahead of Fed Meeting, Dollar Slips

    Asia FX Hunkers Down Ahead of Fed Meeting, Dollar Slips0

    Most Asian currencies moved little on Wednesday as caution kicked in ahead of a widely expected interest rate hike by the Federal Reserve, while the dollar fell amid hopes that the central bank will espouse a less hawkish outlook. The Japanese yen bucked the trend, rising 0.7% on expectations that the government will intervene further

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  • Dollar Droops Amid Improved Risk Mood Before Fed; Aussie Pares Gain After RBA

    Dollar Droops Amid Improved Risk Mood Before Fed; Aussie Pares Gain After RBA0

    U.S. dollar sank from a one-week top against a basket of major peers on Tuesday, as traders weighed the odds of a less aggressive Federal Reserve at Wednesday’s widely watched monetary policy meeting The risk-sensitive Australian and New Zealand dollars rose from one-week lows amid a broad lift in market sentiment, but the Aussie trailed

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  • Oil prices rise as weaker dollar offsets China COVID-19 concerns

    Oil prices rise as weaker dollar offsets China COVID-19 concerns0

    Oil prices rose on Tuesday, paring losses from the previous session, as a weaker U.S. dollar offset widening COVID-19 curbs in China that have stoked fears of slowing fuel demand in the world’s second-largest oil consumer. Brent crude for January delivery rose 73 cents, or 0.8%, to $93.54 a barrel at 0406 GMT. The December

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  • Global Food Security on The Edge as Russia Exits Grain Deal

    Global Food Security on The Edge as Russia Exits Grain Deal0

    How much of a price jump is harder to predict since the safe-passage deal was already set to expire in mid-November if no agreement is reached to extend it Traders are bracing for a fresh spike in grain prices after Russia’s exit from a deal allowing Ukraine crops to move from the Black Sea to

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