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  • Asia FX Dips, Dollar Steadies As Fed Meeting Looms0

    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

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  • Gold Prices Face Resistance At $2,000 As Fed Meeting Looms0

    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

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  • Bitcoin Near 9-Month High As Bank Turmoil Sparks Rally0

    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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  • Asian Stocks Surge As Bank Bailouts Lift Spirits

    Asian Stocks Surge As Bank Bailouts Lift Spirits0

    Asian stock markets rose on Friday, recovering from a series of sharp losses this week as government and institutional support to stem a potential banking crisis helped improve sentiment, while traders also priced in a less hawkish Federal Reserve. Chinese bourses were the best performers for the day, with the Shanghai Shenzhen CSI 300 and

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  • ECB Likely To Stick To Big Rate Hike Despite Banking Turmoil, Source Says

    ECB Likely To Stick To Big Rate Hike Despite Banking Turmoil, Source Says0

    European Central Bank policymakers are still leaning towards a half-percentage-point rate hike on Thursday, despite turmoil in the banking sector, as they expect inflation will remain too high in coming years, a source told Reuters. Investors had begun to doubt the ECB’s commitment to another big rate hike this week after the collapse of Silicon

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  • Asian Stocks Rise As Bank Rout Eases, Markets Bet On Less Hawkish Fed

    Asian Stocks Rise As Bank Rout Eases, Markets Bet On Less Hawkish Fed0

    Most Asian stock markets rose on Wednesday, helped by a recovery in bank shares amid easing fears over a potential crisis in the U.S., while growing bets that the Federal Reserve will adopt a less hawkish stance also aided sentiment. Regional markets took positive cues from an overnight recovery on Wall Street, after consumer inflation

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