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Cautious risk tone with peace doubts – MUFG

MUFG’s Senior Currency Analyst Michael Wan notes that Asian currencies recovered as risk sentiment improved following comments from US President Trump on ending the Iran war, even as Oil prices stayed elevated. He remains skeptical that a durable peace deal is near and advises caution in positioning, highlighting China’s diplomatic role and the broader geopolitical risks for Asia FX and the Dollar.Risk rally meets geopolitical skepticism”Markets rallied and turned risk on, as US President Trump…

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Business

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Private sector adds 62,000 jobs in March: ADP

Companies in the private sector added 62,000 jobs in March, payroll processing firm ADP said Wednesday. The figure is above economists’ estimates of a gain of 40,000 jobs. The prior month’s payrolls number was revised higher to a gain of 66,000 from an initially reported gain of 63,000.”Overall hiring is…

Markets

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Investing

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