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Forex News
Major European Markets Close Lower After Choppy Session
he major European markets closed lower on Monday after a choppy session with investors looking for direction amid some weak economic data. Slightly easing concerns about the outlook for interest rates after softer than expected U.S. jobs data last Friday helped limit markets' downside.
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567 days ago
Dollar Tumbled Last Week Amidst Rate-peak Hints, Softer Jobs Data
A dovish Fed and a cooling labor market contributed to the Dollar's slide in the week ended November 3.
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568 days ago
Swiss Franc Slips Against Majors
The Swiss franc declined against its major counterparts in the European session on Monday.
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568 days ago
Alibaba's Ant Group Gets Chinese Govt Approval To Release AI Products
Ant Group, the fintech affiliate of Chinese conglomerate Alibaba Group, has received approval from the Chinese government to offer artificial intelligence or AI products to the public, reports said. The company plans to roll out multiple products built on its own Bailing large language model or LLM, a deep learning algorithm that can perform a variety of natural language processing tasks.
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568 days ago
Eurozone Private Sector Activity Shrinks Most In Nearly 3 Years
Euro area private sector activity declined at the fastest pace in nearly three years in October due to the sharp fall in business intakes amid the gloomier economic outlook. The HCOB composite output index posted 46.5 in October, in line with the flash estimate, final results of the purchasing managers' survey by S&P Global showed on Monday.
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568 days ago
Pound Climbs On Fed Optimism
The pound advanced against its major counterparts in the European session on Monday, on optimism the Federal Reserve has finished raising interest rates.
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568 days ago
Bay Street Likely To Open On Positive Note
The Canadian market may open with a positive bias Monday morning with energy stocks finding support on higher crude oil prices after Russia and Saudi Arabia confirmed they will extend their production and export cuts until the end of the year.
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568 days ago
more news
U.S. Dollar Falls As European Shares Traded Higher
The U.S. dollar weakened against other major currencies in the European session on Monday, as investors took stock of the latest developments in the Middle East and looked ahead to a speech by Fed Chair Jerome Powell later this week for more clarity on the interest rate outlook.
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568 days ago
German Factory Orders Log Unexpected Growth
Germany's factory orders grew unexpectedly at the end of the third quarter underpinned by foreign demand, official data from Destatis showed on Monday. However, reinforcing fears of recession, Purchasing Managers' survey results suggested that the private sector contracted for the fourth straight month in October reflecting declines in both manufacturing production and services activity.
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568 days ago
Sensex, Nifty Extend Gains For Third Day On Dovish Fed Bets
Indian shares rose sharply on Monday as weak U.S. jobs and service sector activity data released on Friday helped ease worries about further rate hikes by the Federal Reserve.
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568 days ago
U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the European session on Monday.
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568 days ago
European Shares Decline On Growth Concerns
European stocks struggled for direction on Monday after posting strong gains last week on dovish Fed bets.
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568 days ago
FTSE 100 Subdued On Growth Worries
U.K. stocks were muted on Monday amid growth worries after official data showed the downturn in euro zone business activity accelerated last month.
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568 days ago
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