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Australian Dollar Rises on RBA's Hawkish Stance

Australian Dollar Rises on RBA’s Hawkish Stance

Australian Dollar Rises on RBA’s Hawkish Stance The Australian Dollar (AUD) surged on Wednesday, driven by the Reserve Bank of Australia’s (RBA) hawkish stance during its June meeting. The RBA’s decision to maintain current interest rates while signaling a prolonged

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Fed Officials Advocate Patience, Hint at Rate Cut Timing

Fed Officials Advocate Patience, Hint at Rate Cut Timing

Fed Officials Advocate Patience, Hint at Rate Cut Timing On Tuesday, several Federal Reserve officials emphasized the need for more concrete evidence of cooling inflation before considering lowering interest rates. They also provided some insights into when such a move

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GBP/USD Holds Steady at 1.2700, Awaits UK CPI Data

GBP/USD Holds Steady at 1.2700, Awaits UK CPI Data

GBP/USD Holds Steady at 1.2700, Awaits UK CPI Data The GBP/USD pair is struggling to gain any significant traction on Wednesday, trading within a narrow range around the 1.2700 mark during the Asian session. Despite this, spot prices are holding

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Nvidia Overtakes Apple in $71 Billion ETF Reshuffle

Nvidia Overtakes Apple in $71 Billion ETF Reshuffle

Nvidia Overtakes Apple in $71 Billion ETF Reshuffle One of the most significant technology ETFs, the $71 billion Technology Select Sector SPDR Fund (XLK), managed by State Street Global Advisors, is expected to undergo a major rebalancing that will significantly

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EUR/USD Consolidates Near 1.0700

EUR/USD Consolidates Near 1.0700 After Recent Low

EUR/USD Consolidates Near 1.0700 After Recent Low The EUR/USD pair starts the week on a subdued note, consolidating its recent losses to the lowest level since early May, around the 1.0670-1.0665 region touched on Friday. Currently trading around the 1.0700

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US CPI Steady in May Ahead of Fed Decision

US CPI Steady in May Ahead of Fed Decision

US CPI Steady in May Ahead of Fed Decision The Bureau of Labor Statistics (BLS) is set to release the eagerly awaited Consumer Price Index (CPI) inflation data for May on Wednesday at 12:30 GMT. This report is highly significant

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