Japanese Yen Weakens After BoJ Summary

Oct 1 2024, 11:18 The Japanese Yen (JPY) continued to weaken for the second straight day after the release of the Bank of Japan (BOJ) Summary of Opinions from its September Monetary Policy Meeting, along with mixed economic data on Tuesday. The content of the summary indicated no immediate plans for additional interest rate hikes,…

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Gold Steady Near Record High as Traders Await Powell Speech

Gold held near a record as traders looked ahead to Federal Reserve Chair Jerome Powell’s speech Friday, which will come after a downward revision of US payrolls bolstered expectations the central bank will cut interest rates in September. Bullion has been trading in a relatively narrow range this week near Tuesday’s all-time high and remained above $2,500 an ounce…

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