Month: July 2022

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Gold in the national capital on Wednesday rose Rs 115 to Rs 51,166 per 10 grams, amid a rise in international precious metal prices, according to Securities. In the previous trade, the yellow metal settled at Rs 51,051 per 10 grams. Silver also climbed Rs 482 to Rs 55,485 per kg from Rs 55,003 per
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The currency markets continue to be relatively steady today, as traders are holding their bets ahead of Fed’s expected 75bps rate hike. Euro is recovering slightly but remains the worst performer for the week, followed by Yen. On the other hand, Canadian Dollar is leading Australian and Sterling higher. Dollar is mixed for now. The
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Euro is under heavy selling pressure today on renewed worries over cut off of Russia gas supply. It’s additionally pressured and Germany 10-year yield breaks below 1% handle again. For now, Sterling appears to be a distant second. On the other hand, Dollar and Yen are gaining most, followed by Swiss Franc. Commodity currencies are
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EUR/USD loses further ground and approaches 1.0100. The greenback reverses the initial decline and surpasses 107.00. US CB’s Consumer Confidence came at 95.7 in July. Sellers quickly returned to the European currency and dragged EUR/USD to fresh multi-session lows in the vicinity of 1.0100 on Tuesday. EUR/USD offered ahead of FOMC EUR/USD rapidly abandoned the
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