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AUD/USD dips amid Trump's tariff rhetoric

The Australian dollar posted losses of over 0.40% against the US Dollar, and the latter remains supported by US President-elect Donald Trump's tariff threats.
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update2025.01.08 23:43

Fed Minutes Preview: Focus on December 25 bps rate cut, slower policy easing outlook

The Minutes of the United States (US) Federal Reserve's (Fed) December 17-18 monetary policy meeting will be published on Wednesday at 19:00 GMT.
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update2025.01.08 23:15

US weekly Initial Jobless Claims decline to 201K vs. 218K expected

There were 201,000 initial jobless claims in the week ending January 4, the weekly data published by the US Department of Labor (DOL) showed on Wednesday.
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update2025.01.08 22:35

Fed's Waller: Will support further cuts in 2025 but pace will depend on inflation progress

Federal Reserve Governor Christopher Waller said on Wednesday that he will support additional rate cuts in 2025 but the pace will depend on further inflation progress, per Reuters.
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update2025.01.08 22:27

GBP/USD weighed by rising Gilt yields overnight - Scotiabank

The Pound Sterling (GBP) plunged more than a cent in response to the Trump tariff headlines, leaving it the worst-performing major currency on the session, Scotiabank's Chief FX Strategist Shaun Osborne notes.
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update2025.01.08 22:27

EUR/USD weaker on soft German economic data - Scotiabank

Weak German data (soft November Retail Sales and a sharp, 5.4% plunge in Factory Orders over the November month are pushing the EUR lower, Scotiabank's Chief FX Strategist Shaun Osborne notes.
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update2025.01.08 22:25

CAD slips on tariff headline - Scotiabank

The Canadian Dollar (CAD) was little changed against the generally stronger USD overnight--which is no mean feat considering the amount of attention Canada is getting from the US president-elect, Scotiabank's Chief FX Strategist Shaun Osborne notes.
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update2025.01.08 22:22

USD jumps on Trump tariff threat - Scotiabank

The US Dollar (USD) is tracking higher. Headlines indicating that Trump might cite a national economic emergency as the justification for a new round of broadly applied tariffs is driving the USD higher in early trade, Scotiabank's Chief FX Strategist Shaun Osborne notes.
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update2025.01.08 22:18

USD/JPY touches new multi-month high above 158.50

USD/JPY continued to stretch higher and touched its strongest level since July above 158.50 on Wednesday.
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update2025.01.08 21:26

Gold price tests resistance while US yields sprint higher

Gold's price (XAU/USD) edges higher for the second consecutive day and trades around $2,655 on Wednesday after the Institute of Supply Management (ISM) revealed on Tuesday that the prices paid component in the Services sector is turning red hot.
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update2025.01.08 21:19

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