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  • US DOLLAR CLINGS TO GAINS AS BETS ON FURTHER FED HIKES FIRM

    US DOLLAR CLINGS TO GAINS AS BETS ON FURTHER FED HIKES FIRM0

    THE Dollar Fought For A Footing In Choppy Trade On Thursday With Support From Upbeat U.S. Data And Hawkish Policymaker Comments While The Prospect Of Higher Energy Prices Helped Exporters’ Currencies And Weighed On Those Of Importers. The dollar rose 1% on the euro and 1.3% on sterling overnight and was trying to hold those

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  • OIL PRICES RISE TO NEAR $90 AS OPEC CUT LOOMS

    OIL PRICES RISE TO NEAR $90 AS OPEC CUT LOOMS0

    Oil Prices Rose Further On Tuesday As Markets Positioned For The Biggest Supply Cut By OPEC Since The 2020 COVID Crisis, With Weakness In The Dollar Also Helping. London-traded Brent oil futures, the global benchmark, rose 0.6% to $89.28 a barrel, while West Texas Intermediate crude futures rose 0.2% to $83.82 a barrel. Both contracts

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  • GOLD STEADIES ABOVE $1,650 AS SAFE HAVEN APPEAL CREEPS BACK IN

    GOLD STEADIES ABOVE $1,650 AS SAFE HAVEN APPEAL CREEPS BACK IN0

    Gold Prices Steadied Above A Major Support Level On Monday As Growing Risks Of An Economic Recession Spurred Some Safe Haven Demand For The Yellow Metal. Prices also recovered marginally from a bruising September, where they dropped 3%. Bullion prices marked their worst quarter since March 2021 with a 7.5% drop Spot gold rose 0.2%

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