IqraFx
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AUD/JPY gains on growing expectations for a more hawkish RBA
AUD/JPY continues its winning streak after the stronger Australian CPI was released on Wednesday. Australia’s 10-year government bond yield has surged to 4.49% near five-month highs on waning expectations of the RBA rate cuts. The Japanese Yen continues to depreciate as the BoJ is expected to abstai
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USD/CAD trades on a softer note below 1.3700 ahead of US PMI data
USD/CAD trades in negative territory for the fifth consecutive day around 1.3695 on Tuesday. The high-for-longer US rate narrative might boost the USD and cap the pair’s downside. Canadian Industrial Produce Prices dropped by 0.8% MoM in March compared to a rise of 1.1% prior, in line with the conse
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DXY outlook: Solid US data lift dollar but risk of deeper correction exists
The dollar regained traction on Thursday, lifted by solid US economic data (weekly jobless claims matched last week’s figure and Philadelphia Fed manufacturing index surged to two year high in April, strongly beating previous release and forecast). The greenback edged higher from one-week low (105.5
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