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Dollar Hits Four-month Low

The US dollar reached its lowest level in four months, and the Chinese yuan regained some losses from the previous decline, as investors adopted a wait-and-see attitude regarding the outcome of the tensions between the two countries. The United States granted China until Friday to close its Houston consluate, on …

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US Stocks Set to Open Higher

US equity markets are set to open higher with sentiment gaining some confidence after Tesla and Microsoft’s results. Earnings reports from Microsoft exceeded analysts’ expectations for a 13% increase in sales and a net profit of $ 11.2 billion, despite disappointment that Azure’s sales growth slowed below 50%. Dow Jones …

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British Factory Orders Fell at The Slowest Pace

British factory orders fell at the slowest pace since March this month and firms are more optimistic about the coming months after the economic impact of COVID-19 caused the biggest collapse in demand since 1980. The Confederation of British Industry’s (CBI) monthly order book balance rose to -46 in July …

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USD is Falling on Tensions

The US dollar on the dollar index, which measures the strength of the US currency against a basket of major currencies, fell to the lowest level in four months to continue to decline with investors in wait and see attitude by what the tension between the United States and China …

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Sterling Steady Above $1.27

The British pound settled above $ 1.27 in the last day of Brexit negotiations, with investors looking for any headlines that might shed some light on whether Britain will exit the European Union with a deal at the end of the year. Media reports suggested the United Kingdom has given …

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