Category: Benign
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Dollar sags after benign US inflation data; kiwi skids on rate cut By Reuters
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By Kevin Buckland TOKYO (Reuters) – The dollar remained lower on Wednesday after falling against its major peers overnight as a strong U.S. producer price reading bolstered bets the Federal Reserve will cut interest rates this year. The New Zealand dollar fell sharply from a four-week high after the Reserve…
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Forexlive Americas FX news wrap: Benign PCE report collides with tumultuous politics
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Markets: Gold falls $3 to $2,342 US 10-year bond yields rose 9.8 basis points to 4.39% West Texas Intermediate crude fell 19 cents to $80.64. S&P 500 index falls 0.4% Australian Dollar Advances, Yen Lags Friday was the last day of the quarter, and this made drawing conclusions difficult. It…