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  • Asia FX Weakens as Dollar Steadies from BOJ Shock, Yen Slips

    Asia FX Weakens as Dollar Steadies from BOJ Shock, Yen Slips0

    Most Asian currencies fell on Wednesday as the dollar steadied from a sharp tumble against the yen, while the Japanese currency retreated slightly from a four-month high as markets digested a surprise policy shift by the Bank of Japan. The yen fell 0.3% to 132.06 against the dollar, after rallying over 3% in the prior

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  • Oil Sinks Further as China COVID Concerns outweigh Tightening Supply

    Oil Sinks Further as China COVID Concerns outweigh Tightening Supply0

    Oil prices fell further on Thursday as increasing COVID-19 cases in China brewed more doubts over slowing crude demand, even as data showed U.S. inventories dropped far more than expected and as supply appeared to be tightening. China reported over 20,000 daily new cases this week, its highest rise in roughly seven months. While the

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