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1 May 2024
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May 1, 2024
AUD/JPY Price Analysis: Bears in charge as pair dips toward 102.00
The Aussie Dollar extends its losses against the Japanese Yen for the second straight day, following an intervention by the Bank of Japan (BoJ) on Monday, which kept the pair seesawing in the 101.37/104.95 range.
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May 1, 2024
Crude Oil slumps on risk aversion, WTI tests $81 per barrel
West Texas Intermediate (WTI) US Crude Oil fell on Tuesday, declining to $81.00 per barrel as investors pulled out of riskier assets and into safe havens like the US Dollar (USD) following an unexpected uptick in wages data, implying inflation will continue to eat away at chances for a near-term rate cut from the Federal Reserve.
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