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Large speculators flipped to net-short exposure to EUR/USD futures for the first time since September 2022. GBP/USD futures traders flipped to net-short exposure to GBP/USD futures for the first time this year. Large speculators pushed net-short exposure to USD/JPY futures to its second most bearish level on record at -179.9k contracts. They also pushed ...
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The price of the yellow metal has fallen from its high as US Dollar’s recovery driven by elevated US core PCE inflation data, putting pressure on the value of gold. The annual underlying inflation data rose at a higher pace of 2.7% from the estimates of 2.6% but decelerated from 2.8% recorded in February. Stronger-than-expected figures dampen Gold’s allure ...
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