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India’s southern state of Tamil Nadu has recently secured a series of investment agreements worth over $4.39 billion. This significant influx of investments is expected to boost the state’s economy and generate numerous job opportunities. The agreements involve prominent companies such as Apple suppliers Tata Electronics and Pegatron, as well as automotive giant Hyundai Motors.
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Yesterday, the U.S. Bureau of Labor Statistics released the highly anticipated nonfarm payroll employment report for December. This report had an immediate and significant impact on the financial markets, particularly on the price of gold. In this article, we will analyze the reactions and implications of the jobs report on gold prices and its connection
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The EUR/USD experienced a turbulent day of trading on Friday, fueled by the release of Eurozone inflation data and US labor data. European inflation figures for December surprised the market, with the Eurozone Harmonized Index of Consumer Prices (HICP) rising to 2.9% year-on-year (YoY), surpassing the forecasted 2.4% and November’s 2.4% reading. Despite expectations for
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The U.S. Dollar Index experienced a pullback as traders reacted to the Non Farm Payrolls report, which revealed that the U.S. economy added 216,000 jobs in December. Surprisingly, despite the positive report, the American currency did not receive significant support from traders, who remain inclined towards a dovish Federal Reserve. If the U.S. Dollar Index
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