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Singapore’s FX ambitions gather steam 

The Monetary Authority of Singapore is scoring more successes in its bid to vault past Tokyo as the world’s third-most important center for trading foreign exchange – and put silver medalist New York within striking…

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Forex – Euro Strengthens as ECB Generates Optimism

Forex – Euro Strengthens as ECB Generates Optimism

The euro has posted strong gains in early European trade Friday, as the European Central Bank’s decision to expand its stimulus measures has boosted optimism of a global economic recovery. At 3:40 AM ET (0740…

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Dollar set for weekly gain as pandemic recovery hopes waver

Dollar set for weekly gain as pandemic recovery hopes waver

The dollar eased from a three-week high on Friday but looked set for a modest weekly gain as rising Sino-U.S. tensions and worries about a second wave of coronavirus infections rattled investors. As hopes wavered…

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Forex – Dollar Slides Amid Economic Reopening Discussions

Forex – Dollar Slides Amid Economic Reopening Discussions

The U.S. dollar sold off aggressively in early trade Monday, with traders turning away from the safe haven as more and more countries announce a gradual lifting of their Covid-19 restrictions. At 3 AM ET…

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Russian Ministry of Finance Buys Controlling Stake in Sberbank

Russian Ministry of Finance Buys Controlling Stake in Sberbank

Today, Sberbank had made an announcement to its customers and shareholders. Notably, the closing of the acquisition of ordinary shares within the Public Joint-Stock Company, Sberbank of Russia. The purchase was made through the Russian Federation’s Ministry…

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Forex – Dollar Gains Versus Yen, Swiss Franc; Sterling Weakens

Forex – Dollar Gains Versus Yen, Swiss Franc; Sterling Weakens

The dollar traded marginally higher Tuesday, helped by gains against the more defensive currencies, the Japanese yen and the Swiss franc, on the last trading day of the month. At 3:05 AM ET (0705 GMT),…

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Elevated Wall Street ‘fear gauge’ shows doubts about stock market rebound

Elevated Wall Street ‘fear gauge’ shows doubts about stock market rebound

Investors hoping for calm to return to U.S. stocks will not find much comfort in Wall Street’s fear gauge known as the VIX, which shows some market participants are bracing for more turbulence despite this…

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