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The focus of this week’s ECB meeting is whether the PEPP would extend beyond March 2020 in light of the new Omicron variant and rapid increase the number of coronavirus cases across Europe since the November meeting. Recent comments from ECB officials signal that things would go as planned. The latest economic projections would also
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New Delhi: Gold in the national capital on Tuesday dipped Rs 68 to Rs 47,280 per 10 gram in line with weak international precious metal prices, according to HDFC Securities. In the previous trade, th precious metal settled at Rs 47,348 per 10 gram. Silver, however, gained Rs 114 to Rs 60,221 per kg from
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Commodity currencies remain generally weak today on mixed market sentiment. But buying is turned to European majors, with Swiss Franc having an upper hand. Dollar and Yen, on the other hand, soften mildly. The greenback has little reaction to record PPI reading. Meanwhile, it should be noted that major forex pairs are staying inside last
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Dollar and Sterling firm up mildly in overall quiet markets today. Commodity currencies are, on the other hand, trading lower. Investors are turning cautious ahead of the wave of central bank meetings later this week, in particular on Fed’s decision to faster the tapering pace. Oil prices also dip mildly even though OPEC upgraded demand
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KUALA LUMPUR: Malaysian palm oil futures reversed early losses on Monday, as crude strengthened and analysts estimated tightening December production and stockpile, although weaker rival oils weighed on prices. The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange gained 28 ringgit, or 0.58%, to 4,828 ringgit ($1,147.07) a tonne by
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The Fed this week will announce acceleration of QE tapering. With inflation approaching 7%, policymakers would likely revise its view on inflation outlook and “retire” the word “transitory”. The updated economic projections and median dot plots showing members’ interest rate projections would also be released. The Fed funds rate will stay a 0-0.25% until mid-2022.
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New Delhi: Gold prices in the national capital on Friday gained Rs 61 to Rs 47,013 per 10 gram amid rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,952 per 10 gram. Silver, however, declined by Rs 615 to Rs 59,273 per kilogram from Rs 59,888
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