Category: Stays
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RBA Will Struggle With Jobs Goal If CPI Stays High, Bullock Says
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Breadcrumbs Path Links PMN Business The Reserve Bank of Australia will struggle to maintain low unemployment if inflation remains above its target “indefinitely”, Reserve Bank Governor Michelle Bullock said, warning households and businesses that interest rate relief is still a long way off. Article author: Bloomberg News Swati Pandey Published…
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Bitcoin price to hit all-time high if it stays above $45k: CEO
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According to CryptoQuant CEO Ki Young Ju, if Bitcoin stays above $45,000, it could surpass its all-time high within a year. Bitcoin (BTC) is up after a turbulent weekend, and optimism remains in the cryptocurrency market despite some bearish signals in financial markets. On August 5, global financial markets took…
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USD/JPY volatility stays in focus after the bounce yesterday
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USD/JPY Daily Chart Yesterday’s low was touched at 151.93 and this was similar to the May low before it recovered. The decline failed to test the 200-day moving average (blue line), which we currently see at 151.58. But the sellers are still in control as the price has already dropped…
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USD/JPY stays in focus as the swings continue
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USD/JPY Daily Chart The pair fell by about 1.3% yesterday, the biggest drop since Japan intervened in the market last Thursday. Before that, we have to look back to the beginning of May when Japan intervened again at that time. This indicates the importance of yesterday’s drop. But this was…
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Inflation data stays in focus in the session ahead
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The UK release will be the key release to watch, especially as a BoE rate cut in August remains a close possibility. Headline annual inflation is forecast to ease to 1.9%, but core annual inflation is expected to hold steady at 3.5%. Services inflation is holding steady and policymakers will…
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Dollar sees safe-haven gains; sliding yen stays on intervention watch By Reuters
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Written by Ray Wee SINGAPORE (Reuters) – The dollar rose on Monday amid safe-haven demand following the assassination attempt on former U.S. President Donald Trump, leaving the yen struggling to survive despite suspected intervention efforts by Tokyo. Trading was thin in Asia due to a holiday in Japan, although news…
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Aussie dollar jumps on inflation spike, while yen stays under pressure By Reuters
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Written by Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) – The Australian dollar rose after a surprise jump in inflation on Wednesday raised the prospect of another interest rate hike, while the U.S. dollar maintained downward pressure on the Japanese yen. Moves elsewhere in the market were relatively muted as…
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Dollar stays strong, political uncertainty saps euro By Reuters
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Written by Brigid Riley and Amanda Cooper TOKYO/LONDON (Reuters) – The dollar steadied on Monday, while the euro traded near its lowest levels in more than a month, as political turmoil in Europe increased the level of uncertainty among traders, while investors awaited more data to gauge the euro’s strength.…
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Asia FX muted, dollar steady ahead of more Fed cues; yen stays fragile By Investing.com
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Investing.com — Most Asian currencies fell slightly on Monday, while the dollar held steady as traders awaited more signals on interest rates from the Federal Reserve this week. The Japanese yen remained fragile after reversing a large portion of its gains made as a result of potential currency market intervention…
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Bitcoin Price Dips Yet Stays Positive: Market Sentiment Remains Upbeat
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Bitcoin price extended its rally above the $67,500 resistance level. BTC tested the $68,000 resistance level and is currently correcting gains. Bitcoin started a downward correction after rising towards the $68,000 resistance area. The price is trading below the $67,000 level and the 100 hourly simple moving average. There was…