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Gold peaks at record, eyes best month in 14-years — Rally pauses as shutdown fears roil markets
Stocks and the dollar eased as rising risk of a US government shutdown pressured markets, ending gold’s record run — spot gold, up 45% this year on bets of Fed rate cuts and haven demand amid trade tensions and weakening confidence in US exceptionalism, slipped to $3808.65 at 11:26 am GMT after earl
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AUD/JPY jumps to near 98.00 as RBA hold interest rates steady at 3.6% as expected
AUD/JPY gains sharply to near 98.00 as the RBA has kept its OCR steady at 3.6%, as expected.The RBA stated that inflation in the third quarter could be higher than what they had anticipated earlier.BoJ members signaled no urgency for interest rate hikes. The AUD/JPY pair climbs to near 98.00 as the
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EUR/USD: Investors appear wary of taking further big bets on Euro
The single European currency remains close to 1,750 level with investors continue to maintain a cautious stance as the strong upward momentum of the European currency is currently on hold, as significant thorns lie in the minds of investors regarding the prospect of the euro moving very easily above
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The greenback struggles to find traction, including against
Overview: The dollar's rally beginning during the Federal Reserve's press conference last week stalled yesterday, and the greenback is mostly heavier today. Despite Sweden's unexpected rate cut, the krona is leading the G10 currencies higher. The flash September PMIs mostly softened but the impact h
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