The Japanese yen slid 0.4% to 109.2 per dollar. The offshore yuan was little changed at 6.9083 per dollar. Bloomberg Dollar Spot Index gained 0.2%.
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BEIJING–Activity at China’s factories showed signs of recovery in July though it continued to contract, a private gauge indicated, echoing the trend in the government’s data. The Caixin China manufacturing purchasing managers index rose to 49.9 in July, …
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Gold fell for a second day, while sustaining its hold above $1,400 an ounce, after the Federal Reserve signaled it probably won’t embark on a lengthy easing cycle following the first rate cut since the financial crisis. The drop came as investors in Asia reacted …
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On the Wednesday, July 31 edition of Bloomberg Baystate Business we talked about the markets and the Fed rate decision with Bruce Monrad of
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By Peter Hobson LONDON, Aug 1 (Reuters) – Global gold demand rose 8% in the first half of this year to the highest since 2016, driven by central bank buying and a flood of investment into gold-backed exchange traded funds (ETFs), the World Gold Council …
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