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Pound Holds Steady as Labour Eyes Election Majority

Pound Holds Steady as Labour Eyes Election Majority

Pound Holds Steady as Labour Eyes Election Majority UK equity-index futures rose, and the pound maintained its recent gains following an exit poll suggesting the Labour Party will secure a clear mandate for greater economic stability. Contracts on the FTSE

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Australian Dollar Rises on Hawkish RBA Sentiment

Australian Dollar Rises on Hawkish RBA Sentiment

Australian Dollar Rises on Hawkish RBA Sentiment The Australian Dollar (AUD) appreciated for the fourth consecutive day on Friday, driven by high inflation and expectations that the Reserve Bank of Australia (RBA) will delay potential rate cuts. The June Meeting

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GBP/JPY Slides to 205.00 Amid Intervention Fears

GBP/JPY Slides to 205.00 Amid Intervention Fears

GBP/JPY Slides to 205.00 Amid Intervention Fears The GBP/JPY pair continued its downward trend for the second consecutive day on Friday, moving away from its highest level since August 2008, which was around 206.15 earlier this week. Currently, the spot

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Gold Price Near Two-Week High Amid Upbeat Market Mood

Gold Price Near Two-Week High Amid Upbeat Market Mood

Gold Price Near Two-Week High Amid Upbeat Market Mood During the Asian session on Thursday, the gold price (XAU/USD) maintained a positive bias and remained just below the nearly two-week high reached the previous day. However, the strong bullish sentiment

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Fed Sought More Inflation Data in June Minutes

Fed Sought More Inflation Data in June Minutes

Fed Sought More Inflation Data in June Minutes At their last policy meeting, Federal Reserve officials were divided on how long to maintain elevated interest rates and were awaiting more evidence that inflation is cooling. The minutes from the Federal

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EUR/JPY Rises Above 173.50, Focus on Eurozone PMI

EUR/JPY Rises Above 173.50, Focus on Eurozone PMI

EUR/JPY Rises Above 173.50, Focus on Eurozone PMI The EUR/JPY pair remains in positive territory for the sixth consecutive day, trading near 173.80 during the early European session on Wednesday. This sustained upward movement is primarily due to the weakening

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US Yields Boost Dollar, Weaken Yen

US Yields Boost Dollar, Weaken Yen

US Yields Boost Dollar, Weaken Yen The dollar strengthened on Tuesday, driven by rising U.S. yields, putting pressure on low-yielding currencies like China’s yuan and Japan’s yen, which fell to its lowest level since 1986. Benchmark 10-year Treasury yields increased

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