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Gold prices held steady on Thursday, hovering close to a near seven-month high scaled in the previous session, while market participants prepared for U.S. jobs data that could influence the Federal Reserve‘s policy trajectory. * Spot gold held its ground at $1,854.89 per ounce, as of 0042 GMT. Prices rose as much as 1.4% to
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Aussie rises broadly today on news that China is considering to lift the ban on its coal partially. The move also takes Kiwi higher. On the other hand, Dollar is turning softer together with loonie. Despite yesterday’s rally attempt, the greenback is clearly hesitating ahead of today’s ISM manufacturing and FOMC minutes, as well as
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USD/CHF failed to crack above 0.9400, exacerbating a fall beneath 0.9300. US Dollar weakness and the confluence of technical levels around 0.9370s stalled the USD/CHF rally. A daily close above 0.9250 could lift the USD/CHF back again, towards 0.9300. The USD/CHF struggles to clear the 0.9370 barrier, dives below the 20-day Exponential Moving Average (EMA),
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