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Traders added to the bet of a June rate hike by Fed after stronger consumer inflation reading. Dollar surged across the board with Dollar index taking out an important fibonacci level. Benchmark currency yields staged a strong rebound. But stocks were very resilient despite intensify speculation of an early Fed hike and rising yields. Gold
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A record-high 4.4 million people, or 3% of workers, quit their job in September, according to the Labor Department’s latest Job Openings and Labor Turnover Survey released Friday. The tight market, where workers have more leverage to move around and employers are doing everything they can to staff up, is already impacting the holiday shopping
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USD/JPY reached two-week tops around 114.00 retreating the upward move as the New York session began. The USD/JPY pair fell amid US dollar weakness across the board. Flat US bond yields undermined the US dollar prospects against the Japanese yen. The USD/JPY retreated from weekly tops around 114.00, fell 0.17%, trading at 113.88 as the
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