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PBOC sets USD/CNY reference rate at 7.1337 vs. 7.1350 previous

The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1337 as compared to the previous day's fix of 7.1350 and 7.1743 Reuters estimate.

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Launch of Login Notifications and Enhanced Unauthorized Login Prevention

We are pleased to announce the launch of login notifications and enhanced unauthorized login prevention in our Client Manager, ensuring a secure and seamless user experience.

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WTI tumbles to near $62.00 on oversupply concerns

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.15 during the early Asian trading hours on Wednesday.

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Gold Price Forecast: XAU/USD extends upside above $3,350 as traders ramp up rate cut bets

The Gold price (XAU/USD) attracts some buyers to around $3,365 during the early Asian session on Thursday. The precious metal edges higher for the third consecutive day amid a weaker US dollar (USD).

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USD/CAD weakens to near 1.3750 as expectations mount of Fed rate cut

The USD/CAD pair extends the decline to around 1.3755 during the early Asian session on Thursday. The US Dollar (USD) softens against the Canadian Dollar (CAD) as investors continue to price in further rate cuts by the US Federal Reserve (Fed).

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GBP/USD continues to climb ahead of another key double-header data dump

GBP/USD gained even more ground on Wednesday, climbing nearly six-tenths of one percent as US Dollar (USD) flows continues to wither.

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Silver Price Forecast: XAG/USD jumps to 3-week high as the Dollar sinks

Silver price rises over 1.63% on Wednesday, boosted by broad US Dollar weakness as traders had fully priced in a rate cut by the Federal Reserve at next month's meeting.

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Australia unemployment rate expected to edge lower in July, improving to 4.2%

Australia will release its July monthly employment report on Thursday at 1:30 GMT, following the Reserve Bank of Australia (RBA) decision to trim the Official Cash Rate (OCR) by 25 basis points (bps) to 3.6%.

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Canadian Dollar churns the waters near key averages

The Canadian Dollar (CAD) spun in a tight circle for the second day in a row on Wednesday as Loonie traders look for signs to move in either direction. The US Dollar (USD) weakened slightly, but a lack of CAD momentum kept the USD/CAD pair trapped near 1.3770.

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EUR/USD hits two-week high as Fed dovish bets surge on Bessent remarks

EUR/USD surges on Wednesday, hitting a two-week high at around 1.1730 as the US Dollar (USD) gets battered, sponsored by traders speculating that the Federal Reserve (Fed) might turn dovish following remarks by US Treasury Secretary Scott Bessent.

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Forex Today: Attention remains on US inflation, UK GDP and the jobs report in Australia

The US Dollar (USD) intensified its weakness on Wednesday, receding to two-week lows as investors continued to price in further rate cuts by the Fed, while steady jitters surrounding the Fed's independence also weighed on sentiment.

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AUD/USD eases as traders eye Australian jobs data, US PPI

The Australian Dollar (AUD) is paring back part of its intraday advance against the US Dollar (USD) on Wednesday, with the AUD/USD pair retreating from session highs near 0.6562 to trade around 0.6540 during the American session.

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Dow Jones Industrial Average extends gains on renewed Fed rate cut hopes

The Dow Jones Industrial Average (DJIA) rose on Wednesday as investors pushed equities into a second straight day of decisive gains.

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Gold rises as Fed rate-cut bets grow and geopolitical talks intensify

Gold price climbs during the North American session on Wednesday, up by 0.30% as investors continue to increase their bets that the Federal Reserve (Fed) will reduce interest rates at the September meeting. At the time of writing, XAU/USD trades at $3,357, above a key technical support level.

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Fed's Bostic warns that tariffs may cause some structural changes

Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic took a general measure of the US economy's health, noting a general weakening in the latest round of labor data, and also noted that certain segments are struggling under the weight of tariffs more than others.

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Fed's Goolsbee: Fed independence crucial, tariffs pose stagflationary risks

Chicago Fed President Austan Goolsbee crossed the wires and said that economists are unanimous that the Federal Reserve (Fed) must be independent from political interference.

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US President Trump: Fed rates should be at 1%, second Putin meeting uncertain

United States (US) President Donald Trump delivered his latest thoughts on his efforts to be the primary peace deal broker between Russia and Ukraine on Wednesday, and dipped back into the Federal Reserve (Fed) pool of usual statements to reiterate his own estimations of where interest rates should

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WTI Crude plunges to two-month low as surprise US stock build stokes oversupply fears

West Texas Intermediate (WTI) Crude Oil slumped further on Wednesday, falling below the psychological $62 mark and hitting its lowest level since early June.

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GBP/USD rallies as Fed cut bets soar despite hot core CPI

The GBP/USD advances during the North American session, up by 0.56% as the Greenback gets battered amid increasing bets that the Federal Reserve might resume its easing cycle as soon as September. The pair trades at 1.3572 after bouncing off lows of 1.3487.

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Euro climbs to near three-week high amid US Dollar weakness and Fed rate cut bets

The Euro (EUR) extends gains for the second consecutive session on Wednesday, climbing above $1.1700 to its highest level in nearly three weeks, supported by broad US Dollar (USD) weakness after the latest US Consumer Price Index (CPI) report.

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