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  • Dollar Technical Forecast: USD Ripper Relaxes into October- DXY Levels

    US DOLLAR TECHNICAL PRICE OUTLOOK: DXY WEEKLY TRADE LEVELS US Dollar technical trade level update – Weekly Chart USD ripper stalls into uptrend resistance- risk for near-term exhaustion DXY weekly support 111.10s, 110.39, 109.64 – Resistance 112.94, 114.18, 115.29 The US Dollar Index surged nearly 6.6% off the September lows with DXY stretching to multi-yearly highs this week. An outside-day reversal…

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  • British Pound Forecast: GBP/USD Claws Back – Bear Reset Ahea

    BRITISH POUND TECHNICAL PRICE OUTLOOK: GBP/USD WEEKLY TRADE LEVELS Sterling technical trade level update – Weekly Chart GBP/USD collapses into downtrend support / record lows- risk for exhaustion into October open Weekly resistance 1.11, 1.1290s, 1.1414/80 (key) – Support 1.0640, 1.0520, 1.0350s, parity The British Pound plunged more than 4.6% against the US Dollar into the weekly open before paring the…

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  • China’s yuan snaps eight-day losing streak after strong PBOC warning

    SHANGHAI (Reuters) -China's yuan bounced on Thursday from a 14-year low against the dollar hit in the previous session, snapping eight straight days of losses, after the central bank warned against speculative trading and heavy one-way bets on the currency. The People's Bank of China (PBOC) said on Wednesday that stabilising the foreign exchange market…

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  • China’s yuan unlikely to continue rapid depreciation -state media

    SHANGHAI (Reuters) - China's yuan is unlikely to continue depreciating rapidly, the state-owned Securities Times said in a front-page commentary on Thursday, as currencies continue to be pressured by a U.S. dollar boosted by hawkish Federal Reserve monetary tightening. Prudent balance of payments has lent support and led somewhat "restrained" losses in the yuan compared with peers,…

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  • Sterling, euro rally against dollar after BoE buys UK bonds

    By Sinéad Carew and Alun John NEW YORK/LONDON (Reuters) - After tumbling earlier, sterling rallied against the dollar on Wednesday following the Bank of England's (BOE) purchase of UK government bonds, letting some air out of the greenback's progress broadly after it had touched a fresh 20-year high. The BoE said it received 2.587 billion…

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  • India’s RBI likely sells dollars as surging U.S. yields hold rupee hostage – traders

    MUMBAI (Reuters) - The Indian central bank likely sold dollars via state-run banks on Wednesday as rising Treasury yields and mounting risk aversion pushed the rupee to a record low, traders said. The rupee was trading at 81.8675 per U.S. dollar, down from 81.58 in the previous session. The local unit earlier reached a record…

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  • Chinese Central Bank Injects $24.7 Bln of Liquidity Via Repo Markets

    By Ambar Warrick Investing.com-- The People’s Bank of China injected a total of 175 billion yuan ($24.7 billion) into the banking system on Tuesday through reverse repo operations, in a bid to maintain liquidity in the system. The amount consisted of 113 billion yuan of seven-day reverse repos at an interest rate of 2%, state-run media…

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  • Chinese Yuan Falls, Asia FX Curbs Losses as Dollar Rally Pauses

    By Ambar Warrick Investing.com-- Most Asian currencies rose slightly on Tuesday as the dollar paused its rally below 20-year highs, while the Chinese yuan fell to a new two-year low on more signs of economic weakness in the country. The Japanese yen and Indian rupee strengthened 0.3% each, while the Singapore dollar rose 0.2%. In the Asia-Pacific region, the New Zealand dollar was…

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  • Japanese Yen Slips Against US Dollar as Intervention Might be Tested. Where to for USD/JPY?

    Japanese Yen, USD/JPY, US Dollar, BOJ, Fed, YCC, Yields - Talking Points USD/JPY has resumed ascending in tandem with Treasury yields The Bank of Japan appear at loggerheads with themselves after intervention If monetary policies continue to diverge, will USD/JPY make new highs? The Japanese Yen is once again eyeing off the 145 handle to start the…

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  • Asia-Pacific Markets Face Risk-Off Move as US Dollar Batters Sentiment

    US DOLLAR, DXY, BOJ KURODA, JAPANESE YEN, CHINESE YUAN, TECHNICAL OUTLOOK – TALKING POINTS Asia-Pacific markets are under pressure after the US Dollar surged on Friday Bank of Japan Governor Kuroda to speak today as USD/JPY remains near 145 DXY Index aims for the May 2002 high after piercing trendline resistance Monday’s Asia-Pacific Outlook Asia-Pacific market sentiment may suffer…

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