Yen Hovers Near Three-Week Low: BOJ’s Watchful Eye

Yen Hovers in Asian trade on Friday, the Japanese yen witnessed a decline against major currencies, particularly the US dollar, extending losses for the third consecutive session and nearing three-week lows. This downward trend is closely monitored by the Bank of Japan (BOJ), which stands ready to intervene in the forex market if necessary. BOJ…

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Dollar Retreats in European trade on Thursday, the US dollar experienced a decline against a basket of major currencies, stepping back from its one-week high. This retreat comes amidst anticipation of significant US economic data and profit-taking activities in the market. Federal Reserve Meeting Minutes Insights into Policy Outlook Market Response Impact on Dollar Index…

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Kiwi Stabilizes in light of recent economic data releases and central bank policy decisions, the New Zealand dollar, also known as the Kiwi, has shown signs of stabilization. Economic Data Overview Retail Sales Data and Analysis Central Bank Policy Reserve Bank of New Zealand’s Decision Currency Performance NZD/USD Exchange Rate Pound Sterling Movement Impact of…

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Bitcoin Backs experienced a decline on Wednesday, marking the second consecutive loss after reaching six-week highs, as profit-taking took center stage amidst a rebound in US treasury yields ahead of the Federal Reserve’s meeting minutes. Meanwhile, traders are eagerly awaiting regulatory approval for the launch of ethereum exchange-traded funds (ETFs) in the US, a move…

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Silver Gives Up prices fell in European trade on Tuesday, marking the first decline in three days. The drop comes after reaching 12-year highs, driven by active profit-taking among investors. While US 10-year Treasury yields have recently declined, limiting the gains, there are rising hopes for improving Chinese demand as the government expands interventions to…

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Gold Plumbs tumbled in European trade on Thursday, marking the third consecutive loss and hitting one-week lows. Trading below $2400, gold moved further away from its recent record high as investors engaged in profit-taking. The decline was exacerbated by the latest Federal Reserve meeting minutes, which revealed a more hawkish stance than anticipated. Introduction The…

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