Archive for the August 23, 2019
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The euro fell on Thursday, heading towards a three-week low, as an uptick in euro zone business growth was offset by another decline in China's currency. Euro zone business growth picked up in August, as
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The dollar weakened on Thursday as investors braced for a possible announcement or statement from the Federal Reserve at this week's Jackson Hole, Wyoming event that would help address the worsening global economic outlook. Market
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The dollar advanced against the safe-haven yen and Swiss Franc on Wednesday, as risk appetite increased with global stocks and US yields were mostly higher ahead of an annual Federal Reserve gathering later this week
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South Africa's rand was flat on Thursday, as a boost from lower-than-expected local inflation was overshadowed by worries that further US Federal Reserve easing might take longer than expected. At 1547 GMT, the rand was
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The Turkish lira weakened around 1% against the dollar on Thursday, its weakest since early July, as concerns persisted over the impact of a recent central bank move and tensions in Syria's Idlib region. The
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Emerging Asian currencies fell on Thursday against a firm dollar, after minutes from the US Federal Reserve's last meeting tempered market expectations of aggressive rate cuts. Policymakers were deeply divided on whether to cut interest
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The pound was on course for its best day in months on Thursday after traders interpreted comments from German Chancellor Angela Merkel to mean that a solution to the Irish border problem could be found
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On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,085. The traded value of Metals, Energy and COTS/FX was recorded at PKR 5.321 billion and the numbers of lots traded were 9,000.
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Euronext wheat futures fell to new contract lows on Wednesday as ample international supplies and sluggish activity on the French market dampened export prospects. Benchmark December milling wheat on Paris-based Euronext settled down 0.50 euro
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Asia's naphtha crack hit a three-session low of $20 a tonne on Wednesday on the back of a persistently high supply and slow demand. Cracker maintenance in Indonesia and Taiwan has weighed on demand this
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