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Editors’ Picks
EUR/USD treads water around 1.1700 post-US PPI
EUR/USD trades in a vacillating price action and hovers around the 1.1700 neighbourhood amid the equally inconclusive performance of the US Dollar on Wednesday. In the meantime, the pair remained mostly apathetic after US Producer Prices came in short of initial estimates in August.
Gold clings to daily gains around $3,650
Gold resumes its uptrend following Tuesday’s hiccup, revisiting the $3,650 zone per troy ounce following the release of US Producer Prices. In the meantime, the US Dollar trades in an irresolute fashion and US yields retreat across different time frames.
GBP/USD stays range-bound near 1.3550
GBP/USD clocks humble gains, although it still trades below the 1.3550 zone on Wednesday, all in response to the lack of clear direction in the Greenback and the widespread cautious stance in the FX universe. Attention shifts to Thursday’s release of US CPI data amid speculation of a rate cut by the Fed as soon as next week.
Why India still matters despite tariffs and tensions
India remains one of the world’s most compelling growth markets — a $4 trillion economy with demographics, digitization, and capital-market depth that global investors crave for diversification. But the halo comes with sharper edges.
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