[MARKET UPDATE] DXY continues to trundle lower and at a session low of 96.25; Cable has now matched its 2025 high at 1.3788
The ongoing decline in the DXY indicates a weakening US dollar, which could stem from various factors including recent economic data or shifts in market sentiment.
India has reportedly halted China's request for a new dispute panel regarding India's regulations for EV and renewable energy
Angola is reportedly set to export 1.12M BPD of crude in March
[MARKET UPDATE] DXY continues to trundle lower and at a session low of 96.25; Cable has now matched its 2025 high at 1.3788
Northrop Grumman (NOC) executive says the current plan is not to conduct additional buybacks once January concludes
Russia's seaborne crude oil exports from western ports are reportedly set to drop in February
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Meanwhile, Cable's rise to match its 2025 high suggests that the GBP is gaining strength against the USD, potentially due to positive developments in the UK economy or shifts in monetary policy expectations. This dynamic may impact not only FX positions but also commodities and risk sentiment in broader markets.
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