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The USDCNH has continued to grind higher as capital outflows from China ramps up. According to Reuters, foreigners has pulled $4.54B this month via the
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Gold reverses gains after hitting daily high of $2,368, down more than 1.70{721fc769be108e463fe4e33f629fb22fe291c423a7a69eaaf65dcb28e9b05dea}. Strong US S&P Global PMI data boosts the US Dollar, with the
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The week is coming to a close with the USD being the strongest of the major currencies. The JPY is the weakest.The gains in the
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Gold advances sharply, gaining over 1{721fc769be108e463fe4e33f629fb22fe291c423a7a69eaaf65dcb28e9b05dea} amid weakening US economic indicators. Softer US jobs and housing data increase expectations of two 25-bps Fed rate cuts