Tag Dollar

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Gold closes $7.2 higher on slower Fed rate hike expectations

Gold futures closed higher on Wednesday, January 25th, supported by a weak dollar and expectations that the US Federal Reserve (Fed) will slow down on raising interest rates at its upcoming meeting. Analysts at City Index noted that gold futures…

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Dollar remains steadfast ahead of Fed Minutes release

Investors are eagerly looking ahead today to the release of the FOMC meeting minutes from the last meeting for an indication of where the Fed rate journey is headed. Markets are expecting a smaller rate hike of 50 basis points…

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HKMA buys weaker Hong Kong dollar

The Hong Kong Monetary Authority (HKMA) purchased Hong Kong dollars in the New York market for HK$3.054 billion (US$389.1 million) to limit the depreciation of the HK dollar below its pegged level. According to the HKMA, the acquisition will bring…

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