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U.S. consumer prices rose by 0.4% in August, matching market expectations and accelerating from a 0.1% increase recorded in July. On an annual basis, inflation held steady at 3.4% in the twelve months through August, unchanged from the…
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Gold edged higher in early Friday trading, recovering modestly after Thursday’s sharp 2% decline as investors engaged in profit-taking while awaiting key U.S. inflation data for fresh direction. The precious metal came under significant…
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Brent crude oil surged more than $3 on Thursday, climbing to near $106 per barrel, a level last seen on May 22. The rally accelerated after prices broke and closed above the psychologically significant $100 threshold on Wednesday,…
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The U.S. dollar index remained under pressure for a second consecutive week, slipping to its lowest level in nearly three weeks on Wednesday. The greenback resumed its broader downtrend after the U.S.-backed intervention to support the…
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AUD/USD extended its latest advance from the 0.7121 higher low for a fifth straight session, supported by growing market expectations that the Reserve Bank of Australia will raise interest rates at its September 29 policy meeting. Recent…
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Brent crude surged to a fresh multi-week high on Tuesday as renewed tensions in the Middle East threatened to further disrupt limited oil flows through the strategic Strait of Hormuz. Prices moved closer to the psychologically…
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USD/JPY came under renewed selling pressure at the start of the week, falling more than 1% during Asian and European trading on Monday as the pair attempted to resume last week's sharp downturn after a brief pause on Friday. The…
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Gold came under heavy selling pressure on Friday, falling by nearly $100 after a surprisingly strong U.S. nonfarm payrolls report eased concerns about the health of the labor market and strengthened expectations that the Federal Reserve…
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U.S. nonfarm payrolls posted a surprisingly strong increase of 162,000 jobs in August, far exceeding market expectations for a gain of 55,000 jobs. Additionally, July's reading was revised higher to 21,000 from the previously reported…
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EURJPY remains under heavy pressure, extending its steep selloff into a second consecutive session, with the pair down 1.3% during Thursday's Asian and European trading hours and posting cumulative losses of more than 2%. The Japanese…
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