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Sanctions reach won't disrupt the dollar's reserve currency status
Summary In recent times, the U.S. dollar's status as the global reserve currency has been questioned, more so now that the reach of U.S. sanctions capabilities has been expanded to seize foreign government dollar assets. But despite the risk of having assets confiscated, in addition to recent effort
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Morning briefing: EUR/USD is headed towards 1.0750
The Dollar Index is trading lower within its range of 106.50-105.50/105, while EUR/USD is headed towards 1.0750. EURJPY and USDJPY are trading near their immediate supports around 164 and 152 which if held, can bring them back towards the previous levels on the upside. Aussie can soon test 0.6580-0.
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Japan drives home message
Overview: The US dollar is mixed, but the spotlight is on the Japanese yen. It appears that with the market challenging Monday's intervention, Japanese officials entered the market shortly after the US equity market closed yesterday, as the Asia Pacific session go underway and sold dollars again. In
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Vietnam Manufacturing Sector Moves Back To Expansion - S&P Global
The manufacturing sector in Vietnam moved back into expansion territory in April, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 50.3. That's up from 49.9 in March, and it moves above the boom-or-bust line of 50 that separates expansion from contraction.
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US JOLTs Job Openings misses consensus in March
The US Bureau of Labor Statistics (BLS) revealed in its Job Openings and Labor Turnover Survey (JOLTS) on Wednesday that on the final business day of March, the number of job openings reached 8.488 million. This figure was 325K below March's revised count of 8.813 million (previously reported as 8.7
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Forex Today: US Dollar pushes higher ahead of key US data, Fed policy decisions
Here is what you need to know on Wednesday, May 1: The US Dollar (USD) preserves its strength on the first trading day of May as investors gear up for key data releases and the Federal Reserve's monetary policy decisions. The ADP will release the private sector employment report for April ahead of t
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German Economy Avoids Recession
The German economy avoided recession in the first quarter, preliminary data from Destatis showed on Tuesday. Gross domestic product grew more-than-expected 0.2 percent sequentially in the first quarter, in contrast to the revised 0.5 percent decrease in the preceding period. GDP was expected to grow
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Pull-up Update