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Australian Dollar dips broadly after RBA sounds surprisingly cautious regarding raising interest rates. But loss is so far very limited, as supported by improving market sentiment following strong rebound in US stocks overnight. Dollar is the second weakest, continuing to pare recent gains while Yen is also heading lower. Euro is currently a stronger one
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The USDJPY moved up in the early Asian session and in the process moved up toward a swing area between 115.61 at 115.67 (see red numbered circles). That area was an old floor going back to early January. On January 10, the price broke below that level and stayed below that level until Friday’s trade
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Euro rebounds notably today as Germany 10-year yield turns positive. Nevertheless, Australian Dollar is even stronger as markets await RBA rate decision. On the other hand, Dollar and Yen are paring some recent gains. Sterling and Canadian Dollar are mixed. Technically, EUR/GBP appears to be drawing support from 0.8304. Rebound from current level, followed by
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The major European indices are ending the day mostly higher. The exception is the UK FTSE 100 is the struggles through the implications of the Susan Gray report on the Covid parties at No. 10. German DAX, +1% France’s CAC, +0.5% UK’s FTSE 100, -0.05% Spain’s Ibex, unchanged Italy’s FTSE MIB +0.95% In the European
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Gold price in the national capital on Monday declined marginally by Rs 5 to Rs 47,507 per 10 grams in line with weak international precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,512 per 10 grams. Silver also dipped by Rs 27 to
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