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January 6, 2025

PBOC Sets New USD/CNY Reference Rate: What to Expect

On Monday, the People’s Bank of China (PBoC) established the USD/CNY reference rate at 7.1876, a slight change from Friday’s rate of 7.1878. This minor

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January 6, 2025

USD/INR Exchange Rate Reaches Record High: A Closer Look

The Indian rupee has faced immense pressure, with the USD/INR exchange rate climbing to a record high of 85.73. This rise marks a significant increase

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January 6, 2025

NZD/USD Strengthens as Chinese Services PMI Rises

The NZD/USD pair has gained traction, trading above 0.5600, buoyed by China’s Services PMI reaching a seven-month high. Such economic indicators play a crucial role

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January 6, 2025

USD/CAD Retreats as Oil Prices Strengthen

The USD/CAD currency pair has seen its four-day winning streak end, trading around 1.4400 during the Asian session on Monday. This shift can be attributed

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January 6, 2025

Goldman Sachs Lowers Gold Price Forecasts: What it Means

Goldman Sachs has revised its gold price forecasts, indicating that the anticipated rise to USD 3000 has been postponed to mid-2026. As market participants digest

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January 6, 2025

USD/INR Stabilizes Amid Strong US Dollar Concerns

The Indian Rupee (INR) maintained stability on Monday after closing at a record low in the previous session. This trend indicates a vulnerable local currency

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January 6, 2025

Malaysia Gold Prices Hold Steady Amid Market Monitoring

On Monday, gold prices in Malaysia remained largely stable, reflecting a cautious atmosphere in local trading according to insights from Entreprenerdly.com. Investors are encouraged to

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January 6, 2025

India Gold Prices Remain Steady Amid Global Trends

Gold prices in India displayed minimal movement on Monday, reflecting a stable trend as per data compiled by Entreprenerdly.com. Investors are advised to stay vigilant

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