On Friday, Dallas Fed President Lori Logan said that there has been some “promising progress” in fighting inflation, but that inflation remains too high. Promising progress has been made in…
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In early Asian trading on Friday, the AUD/USD extended its decline and fell below the mid-0.6300 level. Market sentiment turned cautious as AUD/USD retreated from the 0.6340 level. AUD/USD is…
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NZD/USD fell to a new year-to-date (YTD) low of 0.5815, but by the end of the U.S. session, NZD/USD had recovered some of its losses and closed down 0.11% on…
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The EUR/GBP rebounded on Thursday, paring last Wednesday’s losses to trade above its 200-day moving average (DMA) at 0.8694. As of press time, the EUR/GBP was trading at 0.8715 in…
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AUD/JPY opened Thursday at 94.85 before falling to an early morning low of 94.31. AUD/JPY then rallied to as high as 95.16 before falling back to the 200-hour simple moving…
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The Bank of Japan (BoJ) raised its assessment of six of Japan’s nine economic regions in a quarterly report on Japan’s regional economies. The assessment for three of Japan’s nine…
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In the Asian market on Thursday, the New Zealand dollar/US dollar faced heavy selling pressure for the third consecutive day. This was also the sixth day of decline in the…
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The euro hovered in a limited range around 1.0540 after the opening of the European session on Thursday. On the other hand, the U.S. dollar index (DXY) showed that the…
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USD/CHF pared intraday losses and was trading higher around 0.9000 during early European trade on Thursday as U.S. Treasury yields soared. However, solid Swiss trade balance data released on Thursday…
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USD/CAD gained some positive traction for the third day in a row on Thursday and maintained a buying tone near two-week highs during early European trade. Spot prices are currently…