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AUD/USD holds recovery above 0.6400 as US Dollar dips
AUD/USD clings to gains above 0.6400 as market sentiment improves. The appeal for risky assets improved after reports from Iran indicated that the attack in Isfahan was exaggerated. Weak Australian Employment data positively influence speculation for early RBA rate cuts. The AUD/USD pair holds gains
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USD/JPY rebounds from 154.00 as investors digest fears of Japan’s intervention
USD/JPY finds buying interest near 154.00 as investors see Japan’s intervention mere a temporary solution to support weak Japanese Yen. Japan’s National CPI data will impact market expectations for BoJ’s rate hikes. The US Dollar corrects despite the Fed is expected to keep interest rates higher for
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Turkey Jobless Rate Falls In February
Turkey's unemployment rate dropped moderately in February, the Household Labor Force Survey results from the Turkish Statistical Institute showed Monday. The jobless rate fell to a seasonally adjusted 8.7 percent in February from 9.0 percent in the previous month. At the same time, the employment ra
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Waiting on the world to change
Another month of strong economic data in the United States has kept the FOMC in a holding pattern. Nonfarm payrolls increased by 303K in March, capping a strong first quarter in which monthly job growth averaged 276K per month. The unemployment rate remains low at 3.8%, and real GDP growth is tracki
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AUD/USD jumps to 0.6650 as US Dollar drops ahead of US Inflation
AUD/USD climbs to 0.6635 as US Dollar dips amid upbeat market mood. US yields fell as Fed Goolsbee warns about risks to labor market if interest rates remain higher for longer. The Australian Dollar will be guided by China’s inflation data for March. The AUD/USD pair prints a fresh two-week high at
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