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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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NZD/USD rises toward 0.5950 amid subdued US Dollar, risk-on mood
NZD/USD extends gains as the US Dollar faces challenges on subdued Treasury yields. The latest inflation data from New Zealand offers the RBNZ greater flexibility to consider interest rate cuts. Fed’s Mester acknowledged that the central bank needs additional assurance before confirming the sustaina
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Asian Shares Retreat As Traders Pare Fed Rate Cut Bets
Asian stocks declined on Friday as traders priced in less monetary-policy easing by the Federal Reserve this year and waited for the U.S. earnings season to kick off with large-cap banking names. Higher Treasury yields underpinned the dollar and oil resumed gains while gold surged to $2,400 per ounc
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