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11 minutes ago
US Dollar Index flat lines above 98.00 on fragile Middle East ceasefire
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 98.25 during the Asian trading hours on Friday. The DXY trades on a flat note amid uncertainty surrounding a ceasefire between Israel and Lebanon.
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54 minutes ago
Pound Sterling declines as BoE hike bets ease
GBP/USD loses ground for the third successive day, trading around 1.3520 during the Asian hours on Friday. The Pound Sterling (GBP) remains under pressure as traders pare back expectations for a Bank of England (BoE) rate hike, amid increasing optimism that tensions in the Middle East may be easing.
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55 minutes ago
BoJ’s Ueda: Central bank must take into account Japan's low real rates in setting policy
Bank of Japan (BoJ) Governor Kazuo Ueda said that a decision on how soon to raise interest rates must take into account the fact that the nation's real interest rate is low, Reuters reported on Friday.
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1 hour ago
Japanese Yen softens on Middle East uncertainty, official warns of FX intervention
The USD/JPY pair gathers strength around 159.35 during the Asian trading hours on Friday. The pair extends the rally for the third consecutive day amid uncertainty in the Middle East. However, heightening intervention warnings from Japanese officials might cap the upside for USD/JPY.