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Economic News

Australian Dollar Dips Amid Renewed

Australian Dollar Dips Amid Renewed US Dollar Demand

Australian Dollar Dips Amid Renewed US Dollar Demand On Thursday, the Australian Dollar (AUD) experienced losses, trading in negative territory. Despite this, the currency’s downside may be limited due to the hawkish stance taken by the Reserve Bank of Australia

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Japan's Insurers' Yen Hedge Falls

Japan’s Insurers’ Yen Hedge Falls to Decade Low

Japan’s Insurers’ Yen Hedge Falls to Decade Low Japanese life insurers have significantly reduced their protection against a strengthening yen to the lowest level in a decade, and they may continue to cut these positions in the coming months. As

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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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