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The ECB cuts interest rates for first time since 2016

Economies.com
2024-06-06 12:17 UTC

Reviewed by Rami Haddad, Editor-in-Chief · Last update:

The European Central Bank decided to cut interest rates at the June 6 meeting by 25 basis points to 4.25%, the first such cut since September 2016. 
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Dollar trades near two-month lows ahead of US unemployment claims data

Economies.com
2024-06-06 11:55 UTC
Dollar trades near two-month lows ahead of US unemployment claims data

The dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and approaching two-month lows once more as US 10-year treasury yields slowed down.

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Gold parks at two-week high as US yields weaken

Economies.com
2024-06-06 09:56 UTC
Gold parks at two-week high as US yields weaken

Gold prices rose in European trade on Thursday, expanding for the second straight day and scaling a two-week high as US 10-year treasury yields weakened.

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Yen resumes gains on BOJ meeting expectations

Economies.com
2024-06-06 05:34 UTC
Yen resumes gains on BOJ meeting expectations

Yen rose in Asian trade on Thursday against a basket of major rivals, resuming gains against the dollar after a short hiatus and approaching three-week highs amid speculation about the Bank of Japan’s upcoming policy meeting.

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