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Forex Market News

Gold nears 1-week high as markets bet on patient Fed

Investing.com - Investing.com - Gold prices edged higher in European trade on Thursday, nearing a one-week high following Federal Reserve Chair Janet Yellen's congressional testimony to gradually raise interest rates. Comex gold futures were at $1,222.49 a troy ounce by 3:18AM ET (0718GMT), up $3.40, or around 0.3%. Prices tallied a third-straight gain Wednesday after Yellen sounded cautious on inflation and noted the Fed would not need to raise rates "all that much further" to reach current low estimates of the neutral funds rate. She also said that the U.S. economy is healthy enough for the Fed to begin winding down its massive ...

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Dollar lower after dovish Yellen

Investing.com - Investing.com - The dollar fell Thursday as Fed Chair Janet Yellen's testimony to Congress was deemed on the dovish side.The dollar index was off 0.24% at 95.32 at 02:30 ET, close to 10-month lows.Yellen reiterated the case of gradual tightening as the labor market remains buoyant.But she noted the neutral rate remains relatively low, while highlighting sluggish inflation.That could suggest the pace of tightening might be slower than previously expected.The market odds of a December hike stand at under 50%.The loonie firmed against the dollar as the Bank of Canada as widely expected raised rates for the first ...

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Asian markets up after US Fed takes careful stance

Investing.com - INVESTING.COM – Asian equity markets were mostly up on Thursday after US Federal Reserve Chair Janet Yellen's cautious testimony on Wednesday in the US while markets in China got a boost from estimate-beating trade data. South Korea's Kospi Index put in its best showing in quite some time, rising 1.1% to 2,418.48 by mid-morning. Hong Kong put a similarly strong showing in morning trade, with the Hang Seng Index up 1.08% to 26,330.50. Singapore was also up, with the FTSE Straits Times index up 0.59% to 3,227.90. The market in Thailand edged up 0.44% to 1,581.88 while the Philippines Stock ...

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Peru stocks higher at close of trade; S&P Lima General up 0.57%

Investing.com - Investing.com – Peru stocks were higher after the close on Wednesday, as gains in the Non-Metal Minerals, Mining and Food&Beverages sectors led shares higher. At the close in Lima, the S&P Lima General rose 0.57% to hit a new 3-months high. The best performers of the session on the S&P Lima General were Trevali Mining (LM:TV), which rose 7.00% or 0.070 points to trade at 1.070 at the close. Meanwhile, Buenaventura (LM:BVN) added 1.80% or 0.210 points to end at 11.850 and Cem Pacasmayo (LM:CPA) was up 1.76% or 0.130 points to 7.500 in ...

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Peru stocks higher at close of trade; S&P Lima General up 0.57%

Investing.com - Investing.com – Peru stocks were higher after the close on Wednesday, as gains in the Non-Metal Minerals, Mining and Food&Beverages sectors led shares higher. At the close in Lima, the S&P Lima General rose 0.57% to hit a new 3-months high. The best performers of the session on the S&P Lima General were Trevali Mining (LM:TV), which rose 7.00% or 0.070 points to trade at 1.070 at the close. Meanwhile, Buenaventura (LM:BVN) added 1.80% or 0.210 points to end at 11.850 and Cem Pacasmayo (LM:CPA) was up 1.76% or 0.130 points to 7.500 in ...

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