Asia & European Sessions:
- The USDIndex was the loser amid the dovish Fed outlook, slumping to 99.90, with the break of the 100 support adding to the selloff.
- Oil rose 1.46% to $72.20 per barrel before retreating back to 70.90-71 area.
- Iron and Gold posted new record highs, with the latter climbing by 1.5% to $2670 per ounce, yet another fresh peak.
- The offshore Yuan strengthened past 7 per dollar for the first time since May 2023, while the US dollar fell to an 8-month low.
- The EURUSD spiked to 1.1198, just a breath away from the key 1.1200 .
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Andria Pichidi
Market Analyst
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