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USD recovers ground but Yen holds tight

Sentiment at the close of the US session yesterday was sour as growth concerns re-surfaced after some weaker PMI numbers out of China and the UK yesterday. Overnight data out of New Zealand showed that unemployment rate rose to 5.7% …

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RBA cuts its cash rate by 25basis point; Aussie declines

The US dollar index closed its sixth consecutive day of declines yesterday, with the index closing at 92.58. Yesterday US ISM Manufacturing for April declined and came out softer than expected at 50.8.The USD declines helped US equity close in …

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Yen soars higher as further policy intervention seen ineffective

Asian shares got pounded on Monday with the Japanese Nikkei index tumbling as much as 4 percent in early trade as major exporters sold off sharply, with shares of Toyota down 4.55 percent, Nissan down 5.13 percent and Honda off …

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Dollar stays under pressure as GDP disappoints

Wall Street shares reversed from near their recent highs yesterday, crashing lower after activist investor Carl Ichan revealed that he no longer owns any Apple shares. Dow posted its first 1 percent decline in two months, while the S&P500 closed …

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Fed & BoJ deliver no changes; Yen garners support

We move out of a busy night after three major Central banks were due to communicate their latest policy stances. The Federal Reserve made no changes to its policy rate and continued to expect only gradual increases in rates. The …

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Aussie dollar tumbles lower as poor CPI ignite rate cut expectations

Asian shares slipped for a fourth consecutive day, while US and European equity index futures fell after Apple Inc. reported its first quarterly sales drop in a decade. Australia’s dollar sank by the most since February following a surprise drop …

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Caution kicks in ahead of Central banks’ meetings

Sentiment verged toawrds the negative at the US equity close yesterday evening. Registered daily declines were mild but spelled out caution ahead of major central bank policy meetings this week. Asia very much took the negative handover and at the …

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Yen weaker as more stimulus measures weigh

Asian shares opened what promises to be a huge week in terms of monetary policy meetings and economic data on the defensive, with the Nikkei down 0.6 percent and China’s Shanghai Composite and Hong Kong’s Hang Seng down 0.8 and …

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USD recovers against euro soon after ECB; EURUSD holds around 1.13

As was widely expected the ECB left interest rates unchanged across the board, and in his communication President Draghi indicated that he expected rates to remain low for an extended period. President Draghi also highlighted the generic downside risks and …

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Dollar lifted by strong jump in Treasury yields

WTI Crude oil prices ended Wednesday’s session 4 per cent higher, buoyed by a report from the Energy Information Administration that showed oil production in the US had moderated. Oil market behavior over the past week has dominated financial markets …

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