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Fed's Hammack: It will take two to three years to get inflation back to 2%
Federal Reserve (Fed) Bank of Cleveland President Beth Hammack spoke at the Economic Club of New York on Thursday. She said that the federal policy should remain modestly restrictive to lower inflation, and that it will take two to three years to return inflation to 2%.

Fed's Barr: The Fed must pay attention to ensuring that the job market is solid
Federal Reserve (Fed) Governor Michael Barr spoke at a virtual event for Fed Communities on Thursday.

WTI Crude Oil drops below $59 as market shrugs off Russian refinery strikes
West Texas Intermediate (WTI) US Oil trades at $58.90 on Thursday at the time of writing, down 0.80% on the day, extending its decline for a third consecutive day.

USD/JPY weakens amid softer US Dollar, steady Japanese labor and services data
The Japanese Yen (JPY) trades on the front foot against the US Dollar (USD) on Thursday, as the Greenback weakens following a strong multi-day rally. At the time of writing, USD/JPY is trading around 153.13, down over 0.50% on the day.

GBP/USD rebounds after BoE's dovish hold but remains below 1.31
The GBP/USD recovers some ground yet trades off daily highs as the Bank of England held rates unchanged, on a "dovish" hold as the vote split hints that the December meeting is open. The pair trades at 1.3080, up 0.26%.

Copper poised for upside as macro and micro finally align - TDS
Copper is vulnerable to an unwind in the debasement trade, but that is a side-story, TDS' Senior Commodity Strategist Daniel Ghali notes.

EUR/CHF holds firm above 0.9300 amid weak Eurozone data and steady Swiss unemployment
The Euro (EUR) trades slightly higher against the Swiss Franc (CHF) on Thursday, with the pair fluctuating in choppy conditions as traders digest Eurozone and Swiss economic data along with central bank commentary.

Silver extends rally amid US fiscal uncertainty, investment inflows
Silver (XAG/USD) edges higher on Thursday, maintaining its recovery above the $48 mark as the United States (US) government shutdown deepens market uncertainty. At the time of writing, XAG/USD trades around $48.40, gaining 0.60% on the day, following a strong rebound from earlier-week lows.

Fed's Goolsbee: Mild cooling in labor market
President of the Federal Reserve (Fed) Bank of Chicago, Austan Dean Goolsbee, spoke in an interview with CNBC, talking about the labor market on Thursday. He stated that the unemployment rate remains essentially unchanged and that he cannot rely on inflation being transitory.

GBP/JPY steadies near 201.00 after BoE keeps rates unchanged at 4.0%
The British Pound (GBP) trades slightly firmer against the Japanese Yen (JPY) on Wednesday after the Bank of England (BoE) decided to keep interest rates unchanged at 4.0%, in line with market expectations.

Bailey speech: At quite an important moment here for UK data
Bank of England Governor Andrew Bailey speaks on the policy outlook and responds to questions from the press after leaving the policy rate unchanged at 4% at the November meeting.

Bailey speech: Likely to continue to be on a gradual downward path for rates
Bank of England Governor Andrew Bailey speaks on the policy outlook and responds to questions from the press after leaving the policy rate unchanged at 4% at the November meeting.

Gold Price Forecast: XAU/USD approaches key resistance at the $4,045 area
Gold (XAU/USD) is trading higher for the second consecutive day on Thursday, favoured by a somewhat softer US Dollar.

USD/CAD weakens as Oil supports CAD, focus shifts to BoC Governor speech
USD/CAD weakens on Thursday, trading around 1.4100 at the time of writing, down 0.1% on the day after hitting a seven-month peak at 1.4140 in the previous day.

Gold reclaims $4,000 as US Dollar retreats; focus turns to Fed speakers
Gold (XAU/USD) edges higher on Thursday, reclaiming the key $4,000 psychological mark as the US Dollar (USD) softens. At the time of writing, XAU/USD is trading around $4,016, extending gains for the second consecutive day, up nearly 0.80%.

NZD/USD treads water above 0.5650 after rejection at the 0.5670 area
The New Zealand Dollar is failing to capitalise on the increasing appetite for risk and a somewhat softer US Dollar, and trades without a clear bias on Thursday, as the reversal from 0.5670 highs has been contained above 0.5650 so far.Kiwi trimmed some losses on Wednesday, bouncing up from seven-mon

AUD/USD ticks up to near 0.6510 as US Dollar corrects further
The AUD/USD pair edges higher to near 0.6505 during the European trading session on Thursday. The Aussie pair ticks up as the US Dollar (USD) extends its correction amid rising United States (US) economic concerns due to the ongoing federal shutdown.

EUR/GBP Euro is tests support at 0.8800 area with all eyes on the BoE
The Euro remains on its back foot against the British Pound for the second consecutive day on Thursday.

USD/CNH: Likely to trade in a range of 7.1220/7.1350 - UOB Group
US Dollar (USD) is likely to trade in a range of 7.1220/7.1350. In the longer run, there is scope for USD to test 7.1450.

NOK gains as Norges Bank holds rate at 4.00% - BBH
Norwegian Krone (NOK) strengthens as the Norges Bank keeps policy steady at 4.00% and signals cautious future rate cuts, BBH FX analysts report.
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