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Argentina Trade Balance (MoM) came in at $800M, above forecasts ($728M) in October

Gold pares gains as Dollar strength, Ukraine peace rumors offset safe-haven demand

Gold (XAU/USD) remains firm during the North American session on Wednesday, but trims earlier gains of over 1% as the US Dollar (USD) rallies sharply as traders wait for a key US job report due on Thursday and assess the developments on the Russia-Ukraine war.
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FX Today: Focus shifts to the US labour market; the PBoC should stay on hold

The US Dollar (USD) added to the ongoing recovery, hitting new multi-day highs and surpassing its critical 200-day SMA despite declining US Treasury yields and amid rising caution prior to the release of Thursday’s Nonfarm Payrolls (NFP).
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