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Asia FX Surges, Dollar Sinks on Fed’s ‘Dovish Hike’0
- Uncategorized
- March 23, 2023
Most Asian currencies rose sharply on Thursday, while the dollar fell to a seven-week low after the Federal Reserve raised interest rates but hinted at a potential pause in its tightening cycle, although rates are likely to remain higher for longer. China’s yuan surged 0.7%, while the South Korean won was the best performer for
READ MOREEuropean Stock Futures Mixed; U.K. Inflation Climbs Ahead of Fed Rate Decision0
- Uncategorized
- March 22, 2023
European stock markets are expected to trade in a mixed fashion at the open Wednesday as investors digest U.K. inflation data and nervously await the latest Federal Reserve decision on interest rates. At 03:00 ET (07:00 GMT), the DAX futures contract in Germany traded 0.2% higher, the FTSE 100 futures contract in the U.K. rose
READ MOREGold Prices Muted Ahead of Fed Meeting as Safe Haven Appeal Wanes0
- Uncategorized
- March 22, 2023
Gold prices moved in a tight range on Wednesday, stabilizing after a sharp drop in the prior session as markets hunkered down ahead of a Federal Reserve interest rate decision, while easing fears of a banking crisis spelled lesser safe haven demand for the yellow metal. Bullion prices were nursing sharp losses from the prior
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Asia FX Dips, Dollar Steadies As Fed Meeting Looms0
- Uncategorized
- March 21, 2023
Most Asian currencies retreated on Tuesday, while the dollar firmed slightly as markets hunkered down ahead of a Federal Reserve interest rate decision this week, while lingering fears of a banking crisis also weighed on sentiment. The South Korean won was the worst performer for the day, down 0.6% as soft inflation and trade data
READ MOREGold Prices Face Resistance At $2,000 As Fed Meeting Looms0
- Uncategorized
- March 21, 2023
Gold prices were muted in early Asian trade on Tuesday after touching key highs in the prior session as markets locked in some profits ahead of an upcoming Federal Reserve interest rate decision, while caution over a potential banking crisis kept safe haven demand strong. The yellow metal rallied sharply over the past week as
READ MOREBitcoin Near 9-Month High As Bank Turmoil Sparks Rally0
- Uncategorized
- March 20, 2023
to turn to digital assets. The biggest cryptocurrency by market value fell 1.8% in Asia hours to $27,549 after hitting its highest since June 12 on Sunday at $28,474. It rose 26% last week and is up more than 35% in ten days as turmoil in the banking sector has rippled around the globe —
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