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GBP/USD Remains On The Defensive Around 1.2400 Mark Amid Modest USD Strength
The GBP/USD pair kicks off the new week on a subdued note and seesaws between tepid gains/minor losses through the early part of the European session. The
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Brazil President, Lula, Encourages BRICS to Abandon The US Dollar
Brazil’s President does not want to use US Dollar in international trade transactions. Luiz Inácio Lula da Silva has urged developing nations to find an
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AUDUSD Downside Momentum Grows As Key Levels Break
The AUDUSD has experienced increasing downward momentum after breaking below its 200-day moving average of 0.67438 (visible as the top green line on the hourly chart). This
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USDCHF Recovery Progresses, Challenging Key Technical Levels
Yesterday, the USDCHF was trending lower, with the pair down by 1.82% for the week, marking its most significant decline since November 7. Examining the
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USD/CAD Finds Demand Below 1.3430 As Hawkish Fed Bets Remain Solid Despite US CPI Cools
The USD/CAD pair has sensed buying interest after defending the crucial support of 1.3430 in the early European session. The Loonie asset aims to extend
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USD/JPY Struggles For A Firm Direction, Stuck In A Range Around 133.00 Mark
The USD/JPY pair struggles for a firm intraday direction on Thursday and seesaws between tepid gains/minor losses through the first half of the European session.