Mexican Peso At Over 8-Year High Against U.S. Dollar
(RTTNews) - The Mexican Peso climbed against the U.S. dollar in the New York session on Wednesday.
The Mexican Peso touched 16.57 against the greenback, its highest level since December 2015. The currency is likely to locate resistance around the 13.00 level.
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Asian Shares Follow Wall Street Higher On US Inflation Relief
Asian stocks followed Wall Street higher on Monday after the Federal Reserve's preferred inflation gauge came in below expectations, fueling hopes for more rate cuts by the U.S. Federal Reserve in 2025.
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UK Economy Flatlines In Q3
The UK economy stalled in the third quarter as the services sector posted nil growth and the moderate expansion in construction was offset by the fall in industrial production, the Office for National Statistics reported Monday. Real gross domestic product remained flat in the third quarter, which was revised down from the 0.1 percent rise estimated initially. This follows a 0.4 percent expansion.
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European Shares Seen Broadly Higher As US Averts Government Shutdown
European stocks are likely to open mostly higher on Monday, heading into a holiday-shortened week.
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European Economic News Preview: UK GDP Data Due
Quarterly GDP data from the UK is the only major economic report due on Monday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP data. The economy is forecast to grow marginally by 0.1 percent, as initially estimated in the third quarter, following a 0.5 percent expansion in the second quarter.
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Sensex, Nifty Open Higher; Metal Stocks And Financials Outperform
Indian shares were sharply higher in early trade on Monday after data showed the Fed's preferred reading on consumer price inflation rose less than expected in November, helping ease worries about the outlook for U.S. interest rates.
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Asian Markets A Sea Of Green
Asian stock markets are a sea of green on Monday, following the broadly positive cues from Wall Street on Friday, as traders remain cautiously optimistic on an improved outlook for interest rates after data showing a slower than expected pace of acceleration in US consumer price inflation raised hopes for more interest rate cuts by the US Fed next year. Asian markets closed mixed on Friday.
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Australian Market Extends Gains In Mid-market
The Australian stock market is extending its gains in mid-market trading on Monday, snapping a three-session losing streak, with the benchmark S&P/ASX 200 index moving well above the 8,100.00 level, with gains across most sectors led by technology, mining and energy stocks.
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Sensex, Nifty To Open On Upbeat Note As Fed Worries Ease
Indian shares look set to open on an upbeat note Monday after five straight sessions of losses.
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