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Dollar is trying to extend recent rally again but buying is mostly seen against Yen and Sterling. The Yen finally broke out and fell to new 24-year low against the greenback, and it’s on track to take on the level seen back in 1998. Sterling, on the other hand, is pressured after BoE ruled out
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Strategists at TD Securities (TDS) offer a brief preview of the September FOMC monetary policy meeting minutes, due for release later during the US session this Wednesday. Key Quotes: “At the meeting, the dot plot median revealed a higher-than-expected Fed Funds terminal rate of 4.625%, with a fairly even dot distribution around this level. The
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The majority of Dollar bulls appear to be staying on the sideline today. Despite earlier rally attempt, the greenback starts to pare back some gains into US session. US futures are also trading flat in very tight range. Investors are holding their bet ahead of a wave of speeches of central bankers, and more importantly,
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EUR/USD fades the bounce off a 13-day-old horizontal support. Hawkish ECB commentary, pullback in yields triggered previous corrective bounce. Higher US inflation expectations, risk-off mood keep bears hopeful. Bears eye FOMC Meeting Minutes to confirm high wagers on Fed’s November move, ECB’s Lagarde may struggle to lure buyers. EUR/USD struggles to defend the latest rebound
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Gold price fell by Rs 343 in the national capital to Rs 51,105 per 10 grams on Tuesday amid a decline in the prices of the precious metal in the international market, according to HDFC Securities. In the previous trade, the yellow metal had settled at Rs 51,448 per 10 grams. Silver also tumbled by
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Dollar extends its near term rally in Asian session, with support from risk-off sentiment, while US 10-year yield is flirting with 4% handle. Yen is also firm, and has the potential to overwhelm the greenback if Japan steps into the markets again. Commodity currencies are the weakest one so far, with Aussie being the worst.
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