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Downside risks linger against US Dollar – UOB

UOB economists Quek Ser Leang and Lee Sue Ann keep a cautious stance on GBP/USD after the pair briefly broke below 1.3490 to 1.3485 before rebounding. For the next day, they expect consolidation between 1.3500 and 1.3560 as downside momentum eases. Over 1–3 weeks, the bias stays negative, but odds…

Euro recovers above 1.1700 as ECB rate hike expectations counter stronger US PPI

The EUR/USD pair recovers some lost ground to near 1.1720 during the early Asian session on Thursday. The Euro (EUR) edges higher against the US Dollar (USD) on hawkish signals by European Central Bank (ECB) officials. Traders will take more cues from the US Retail Sales report for April, which is due later on Thursday. ECB policymaker Joachim Nagel said on Wednesday that the probability that the central bank will need to raise borrowing costs due to the Iran…

Finance news

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Amazon cuts more jobs months after mass layoffs

Amazon cut more jobs this week, with reductions hitting its Selling Partner Services organization this time, a company spokesperson confirmed to Business Insider. Loading audio narration… The layoffs follow roughly 30,000 job cuts announced across waves in October and January. In March, the company also eliminated a small number of…

Business

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How Shohei Ohtani helped make New Balance a baseball powerhouse in MLB

No matter what he’s doing, the second Shohei Ohtani steps on dirt from the dugout, all eyes are watching the face of Major League Baseball.  And the foot that touched the dirt has a distinct “NB” written across the cleat. It’s New Balance, the footwear and apparel brand that has grown…

Markets

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How Air Force One has changed through the years

Nicknamed the “flying Oval Office,” Air Force One has long functioned as the president’s flying command center, office, and private quarters.Since the mid-20th century, US presidents have flown on special planes designated “Air Force One” while carrying out their official duties.The modern Air Force One is equipped with everything the…

Investing

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