Archive for the February 7, 2019
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Speculators trimmed their net long bets on the U.S. dollar in the week ended Dec. 31, according to calculations by Reuters and Commodity Futures Trading Commission data released on Tuesday. The value of the net
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The dollar held mostly steady against its peers on Wednesday, moving in a narrow range ahead of U.S. President Donald Trump's State of the Union address while drawing support from a sagging euro, which was
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The Australian dollar slumped on Wednesday and is on track for its biggest single day drop against the greenback in a year after the central bank signalled a possible interest rate cut in a stunning
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The Australian dollar fell on Wednesday after the country's central bank opened the door to a possible rate cut as it acknowledged growing economic risks, while the US dollar held steady against a basket of
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The US dollar rose against a basket of major currencies on Tuesday, as investors awaited President Donald Trump's State of the Union address for a possible update on the US-China trade war. Continued recovery in
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Latin American currencies weakened against a firmer US dollar on Wednesday, weighed by Brazil's real as it awaited a central bank decision on interest rates, while the country's stock market tumbled amid a drop in
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The Indonesian rupiah firmed to an eight-month peak on Wednesday, boosted by robust growth data, while most other currencies in the region remained subdued in holiday-thinned trade. The rupiah, which has outperformed most of its
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Sterling steadied on Wednesday as Prime Minister Theresa May tried to persuade the European Union to modify her Brexit deal to avoid a disorderly British departure from the bloc. EU Council President Donald Tusk said
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India's cane farmers are owed 200 billion rupees ($2.8 billion) by sugar mills in the world's second-biggest producer of the sweetener as refined sugar prices have fallen below the cost of production, a leading trade
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On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,646. The traded value of Metals, Energy and COTS/FX was recorded at PKR 4.562 billion and the number of lots traded 8,616. Major
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