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Taiwan Trade Surplus Shrinks In April
Taiwan's foreign trade surplus decreased somewhat in April as imports rose faster than exports, preliminary figures from the Ministry of Finance revealed on Wednesday. The trade surplus dropped to $6.46 billion in April from $6.83 billion in the corresponding month last year. The surplus also declin
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DAX Rises On Strong Earnings
German stocks traded higher on Wednesday as investors cheered strong earnings from the likes of Siemens Energy, Puma and Henkel. Market participants shrugged off data showing that Germany's industrial production dropped in March on weak consumer and intermediate goods output. Destatis reported that
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Hungarian Retail Sales surge raises some questions
No one saw this strong Hungarian retail performance coming. The March data surprised to the upside, without any early hint. So, we take it with a pinch of salt, but file it away as a possible ray of hope for recovery. The development of Hungarian retail sales in March was a rather strong positive su
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Forex Today: RBA maintains policy settings, markets keep a close eye on comments from central bankers
Here is what you need to know on Tuesday, May 7: The Australian Dollar (AUD) weakens against its rivals early Tuesday as investors assess the Reserve Bank of Australia's (RBA) monetary policy decisions and comments from Governor Michele Bullock. Eurostat will release Retail Sales for March and the U
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GBP/USD extends the rally above 1.2550, eyes on BoE rate decision
GBP/USD holds positive ground around 1.2560 on the softer USD on Tuesday. Slower US job growth has triggered speculation that the Fed will cut the interest rate this year. The BoE is expected to hold rates at 5.25% for the fifth time in a row on Thursday. The GBP/USD pair trades in positive territor
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Silver set to surge in 2024
Silver market continues to capture the attention of investors and industry stakeholders. Silver's unique properties, such as high reflectivity and excellent electrical conductivity, make it a critical component in numerous industrial applications, including photovoltaics and electronics. The Silver
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