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Bears eye further losses amid sharp Yen surge

The USD/JPY pair remains under intense selling pressure for the second straight day and plummets to a nearly four-week low, around the 157.25-157.20 region during the early European session on Thursday.Traders remain on high alert amid speculation that authorities had conducted a rate check, which signals the possibility of an…

The Australian Dollar’s thirteen-year high is a New Zealand story

AUD/NZD spent Wednesday pushing at a ceiling that has held since 2013, running from near 1.2100 to a high short of 1.2300 and trading just above 1.2250 into the European afternoon. The Australian Gross Domestic Product (GDP) beat and the New Zealand rate decision landed within hours of each other, and the tidy explanation is that the Aussie caught a bid on the data. The arithmetic says something less flattering.Only one leg actually movedSet the…

Finance news

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What the big bond sell-off means for your wallet

With America’s debt mounting and oil prices on the rise again, the bond market has been gripped by a sell-off this week.Market jitters were first triggered last week, following Scott Bessent’s plan to have the Treasury as much as double its long-dated bond purchases. The move briefly quelled yields, but…

Business

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Yields on U.S. Treasurys hovered near multi-year highs on Wednesday, as the global bond market experienced a sell-off amid concerns over energy prices keeping inflation elevated as well as government debt burdens. The yield on the benchmark 10-year Treasury note was around 4.8% in the early afternoon on Wednesday, slightly…

Markets

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Investing

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