Month: April 2022

The two big factors providing a strong tailwind for the dollar today are the meltdown in the Japanese yen after the BOJ pledged to maintain yield curve control, sending USD/JPY up to hit 130.00 and also the continued plunge in the Chinese yuan, weakening past 6.60 against the dollar. That is seeing the greenback post
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At around 0300 GMT, (as there is no fixed time as usual for the decision, but traders will be looking for it around this time), the Bank of Japan is expected to maintain its key interest rates at today’s meeting. The BOJ continues to defend low rates with bond buying. ”Quarterly forecasts should show inflation for
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New Delhi: Gold prices declined by Rs 258 to Rs 51,233 per 10 grams in the local market here on Wednesday in line with lower international metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 51,491 per 10 grams. Silver also declined by Rs 327 to Rs
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Selloff in Euro accelerates again today, as Germany benchmark 10-year yield tumbles back below 0.8 handle. Swiss Franc and Sterling are also the weaker ones. Australian Dollar is supported by stronger than expected CPI reading, but looks rather vulnerable into US session. Indeed the greenback is probably ready to power up again, including against commodity
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