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Blog 3 Columns

  • Dollar Weakens in Wake of CPI Release; Yen Climbs Ahead Of BOJ

    Dollar Weakens in Wake of CPI Release; Yen Climbs Ahead Of BOJ0

    The U.S. dollar edged lower in early European trade Friday, continuing the previous session’s selloff after cooling U.S. inflation opened the way for the Federal Reserve to ease the pace of its interest rate hikes. At 03:05 ET (08:05 GMT), the US Dollar Index, which tracks the greenback against a basket of six other currencies,

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  • European Stock Futures Higher; U.K. GDP Grows in November

    European Stock Futures Higher; U.K. GDP Grows in November0

    European stock markets are expected to open slightly higher Friday, with investors focusing on a deluge of important economic data, including U.K. growth data for November, as well as earnings from the U.S. banking sector. At 02:00 ET (07:00 GMT), the DAX futures contract in Germany traded 0.1% higher, CAC 40 futures in France climbed

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  • Asia FX Heads For Weekly Bounce, Dollar at 7-Mth Low on Easing Inflation

    Asia FX Heads For Weekly Bounce, Dollar at 7-Mth Low on Easing Inflation0

    Most Asian currencies crept higher on Friday and were headed for steep weekly gains on the prospect of an eventual shift in the Federal Reserve’s hawkish stance, which also pushed the dollar to a seven-month low. The Japanese yen rose 0.1% to an over seven-month high against the dollar of 129.14, and was among the

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  • Chinese Fret Over Infecting Elderly As Holidays Prompt COVID Warnings

    Chinese Fret Over Infecting Elderly As Holidays Prompt COVID Warnings0

    People in China worried on Thursday about spreading COVID-19 to aged relatives as they planned returns to their home towns for holidays that the World Health Organization warns could inflame a raging outbreak. The Lunar New Year holiday, which officially starts from Jan. 21, comes after China last month abandoned a strict anti-virus regime of

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  • Dow Futures Trade Steady, After Nasdaq Posts 3-Session Win Streak

    Dow Futures Trade Steady, After Nasdaq Posts 3-Session Win Streak0

    U.S. stock futures were trading in a tight range during Tuesday’s evening session, after major benchmark averages finished higher as investors continue their rotation toward tech stocks ahead of key CPI data and major bank earnings later this week. By 18:30 ET (23:30 GMT) Dow Jones Futures, S&P 500 Futures, and Nasdaq 100 Futures were

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  • Oil Prices Dip as industry Data Shows Massive Build in U.S. Inventories

    Oil Prices Dip as industry Data Shows Massive Build in U.S. Inventories0

    Oil prices fell on Wednesday after industry data pointed to a large weekly build in U.S. crude stockpiles, although losses were limited by the prospect of strong demand this year and as the dollar softened on expectations of slower interest rate hikes. Data from the American Petroleum Institute showed that U.S. crude stockpiles surged by

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  • European Stocks Edge Higher; German Industrial Production Impresses

    European Stocks Edge Higher; German Industrial Production Impresses0

    European stock markets edged higher Monday, with sentiment boosted by China’s decision to fully reopen its borders as well as stronger-than-expected German industrial production. At 03:45 ET (08:45 GMT), the DAX index in Germany traded 0.3% higher, the CAC 40 in France gained 0.2% and the FTSE 100 in the U.K. climbed 0.2%. European markets

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  • Oil Prices Rebound on China Reopening Optimism, Easing Fed Fears

    Oil Prices Rebound on China Reopening Optimism, Easing Fed Fears0

    Oil prices rose on Monday, recovering a measure of recent losses as investors bet that an economic reopening in China and a less hawkish rhetoric from the Federal Reserve will help spur a recovery in crude demand this year. China reopened its international borders for the first time since 2020, a clear indication that the

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  • Asia FX Rallies on China Reopening, Yuan at Over 4-Mth High

    Asia FX Rallies on China Reopening, Yuan at Over 4-Mth High0

    Most Asian currencies shot up on Monday, with the Chinese yuan hitting a four-month high after the country reopened its international borders, while hopes of a less hawkish rhetoric from the Federal Reserve also weighed on the dollar and supported regional units. The yuan jumped 0.7% to 6.7912 against the dollar, its strongest level since

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