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Japan’s Hayashi: Won't comment on forex levels or forex intervention
Japan’s Chief Cabinet Secretary Yishimasa Hayashi said on Thursday that he “won't comment on forex levels or forex intervention” but he “will be ready to take full response.” Additional comments Important for currencies to move in stable manner reflecting fundamentals. Rapid FX moves undesirable. Cl
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Treasuries Move Back To The Downside Amid Lingering Rate Worries
Treasuries moved to the back downside during trading on Wednesday, offsetting the upward move seen over the course of the previous session. Bond prices came under pressure early in the session and remained firmly negative throughout the day. As a result, the yield on the benchmark ten-year note, whi
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The commodities feed: Oil risk premium eases
Crude oil traded little changed this morning as geopolitical risks continue to ease. Meanwhile, a constructive API report failed to lift sentiment. Energy – Bullish API report fails to lift sentiment Sentiment in the oil market remains soft, with prices for both ICE Brent and NYMEX WTI trading flat
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U.S. Dollar Falls As Business Activity Slows
The U.S. dollar weakened against its major counterparts in the New York session on Tuesday, after the release of weaker-than-expected flash PMI data for the month of April. Survey from S&P Global showed that the flash composite output index dropped to 50.9 in April from 52.1 in March. The servic
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NZD/USD Price Analysis: Exhibits volatility contraction near 0.5900
NZD/USD falls to 0.5900 even though the US Dollar remains sideways. Investors await the US core PCE Price Index that will influence speculation for Fed rate cuts. NZD/USD consolidates in a 0.5850-0.5933 range for almost a week. The NZD/USD pair drops to near the crucial support of 0.5900 in Tuesday’
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BoE’s Haskel: Persistence of inflation will be influenced by labor market tightness
Bank of England (BoE) policymaker Jonathan Haskel said on Tuesday that the “persistence of inflation will be influenced by labor market tightness.” “UK labor market tightness has been falling rather slowly,” Haskel added. Market reaction GBP/USD defends gains near 1.2360 after the BoE commentary, up
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BOJ will raise rates if trend inflation accelerates, says Gov Ueda
Bank of Japan Governor Kazuo Ueda stated on Tuesday that should there be an acceleration in trend inflation towards the 2% target, which aligns with the central bank's projection, the bank will proceed to increase interest rates once more. Ueda informed the parliament that altering monetary policy w
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USD/CAD moves below 1.3750, extends losses despite lower crude Oil prices
USD/CAD faces challenges due to the weaker US Dollar despite higher US Treasury yields. The decline in WTI prices, attributed to de-escalated geopolitical tensions in the Middle East, restrains the upward momentum of the Canadian Dollar. The downside potential for the US Dollar may be limited as rem
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Dollar Index in view ahead of data
Ahead of this week’s US GDP first estimate print and the PCE Price Index numbers, the US Dollar Index will likely be a watched market. Buyers remain firmly at the wheel. YTD, we are nearly +5.0%, with April on track to close higher for a fourth consecutive month, up +1.5% MTD. And from a technical s
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Pull-up Update