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Recovery seen shallow without USD fade – OCBC

Christopher Wong at OCBC notes USD/THB’s recent rebound is running into interim resistance around 33.40 after a sharp move higher. Bank of Thailand officials attribute THB weakness mainly to broad USD strength and Thai equity outflows, while signalling readiness to manage excessive FX moves. Softer Oil may slow USD/THB upside,…

Australian Dollar advances as hawkish RBA Minutes meet firmer US confidence data

AUD/USD trades higher near 0.6915 on Tuesday as investors digest the latest Reserve Bank of Australia (RBA) Meeting Minutes and a modest improvement in United States (US) Consumer Confidence. The Australian Dollar (AUD) found some support from the RBA’s hawkish tone, although the US Dollar (USD) remained neutral after falling partially due to end-of-quarter profit-taking.The RBA Minutes from the June 16 meeting showed that policymakers unanimously decided to leave the cash rate unchanged at 4.35%…

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This .5 billion robotics startup built a school for humanoids

Before the robots go to work, they have to go to school.Apptronik, a Texas-based humanoid startup that counts Google and Mercedes among its investors, has opened a “Robot Park” in Austin. At the nearly 90,000-square-foot warehouse, its Apollo robots practice tasks like loading boxes onto conveyor belts and sorting toys…

Investing

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