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19 minutes ago
Australian Dollar breaks 0.69 as hot US CPI raises 50-bp Fed hike risk
The Aussie Dollar registers a 0.88% loss against the US Dollar on Tuesday, as a hot US inflation report has cemented the case for a rate hike by the Federal Reserve (Fed) at the December meeting, following hawkish remarks by Governor Christopher Waller. The AUD/USD trades below 0.6900.
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50 minutes ago
GBP/JPY Price Forecast: SMA resistance stalls bulls near 213.00
The GBP/JPY falls by about 0.22% as the US Dollar strengthens on hawkish comments from Federal Reserve (Fed) officials, boosting safe-haven currencies like the Japanese Yen against the Pound Sterling. The cross trades at 211.78.
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1 hour ago
New Zealand Dollar gives back nearly half its election gain on US CPI
National's slim lead in New Zealand's election count helped the New Zealand Dollar rise on Monday, and nearly half that gain is gone after hot US consumer prices. It fell to just under 0.5600 before edging back to that level.
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1 hour ago
Yen nears 159.00 with Treasuries back above 5%
New US 10-year notes sold on Tuesday pay 5% a year, the most since 2006, and the Yen has dropped to its weakest against the Dollar since mid-October. The Dollar rose to just under 159.00 Yen, more than reversing Monday's drop and moving back above Friday's close.