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Euro hits fresh two-month lows amid weak Eurozone economic prospects, Fed hiking bets

The enthusiasm about the US-Iran peace deal has been short-lived for the Euro (EUR), which broke two-month lows at 1.1478 against the US Dollar (USD) on Thursday. The EUR/USD pair has extended its reversal from Tuesday’s highs above 1.1600 and is on track for a 0.9% weekly depreciation, hit by a mix of rising Federal Reserve (Fed) tightening bets and grim economic prospects for Germany.The Fed left its benchmark rate in the 3.50%-3.75% range, in…

Finance news

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Business

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Ford, NASCAR launch military tribute campaign for America’s 250th year

Ford Motor Company and NASCAR are revving up a new tribute to U.S. service members and military families. The companies are joining forces during America’s 250th anniversary year to launch a military-focused campaign anchored by a new Veterans Day race and a limited-edition Super Duty Proud to Honor package that…

Markets

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A Google veteran who founded Character.AI is jumping to OpenAI

Noam Shazeer, a co-lead at Gemini and the founder of Character.AI is leaving Google to join OpenAI in the latest AI talent war move.In an X post on Wednesday, Shazeer announced his departure and said he looks forward to working with the “exceptional team” at the ChatGPT maker.”It was a…

Investing

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