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The AUD/USD pair has been weakening, hovering near 0.6525 despite the softer US Dollar on Monday. This decline can be attributed to the US ISM Manufacturing PMI falling to 47.8 in February, below the previous reading of 49.1. The weaker-than-expected data is creating downward pressure on the pair, indicating potential economic challenges in the US
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The US Dollar trades near flat for this week, with Friday’s gains abating after the latest US data points. The US Dollar Index remains around 104.00, struggling to break away in either direction. The contradiction between the Global Purchase Managers Index and the ISM is causing uncertainty among traders regarding the Fed’s future rate hike
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Making financial decisions should not be taken lightly. It is important to conduct thorough due diligence before making any investments or purchasing any products. This involves carefully researching and analyzing the options available to you, consulting with financial advisors, and using your own discretion to make informed choices. It is crucial to note that the
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New York Community Bancorp stock took a nosedive of over 20% in after-hours trading on Thursday following the announcement of a major leadership change within the regional lender. The bank revealed that Alessandro DiNello, who previously served as the executive chairman, will now be stepping into the roles of president and CEO effective immediately. This
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In recent times, Japan’s Nikkei index has been on a steady rise, hitting a fresh record high. The surge of 7.9% the previous month was a clear indicator of the market’s bullish sentiment towards Japanese stocks. The recent 1.8% gain has propelled the Nikkei to levels last seen in 1989. This steady growth showcases the
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