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Macro funds in Asia used the dollar’s drop Thursday as an opportunity to buy it, in particular against the yen, according to traders. A Bloomberg gauge of the currency hit a one-month low after data showed cooling US inflation before recovering through the session and extending gains early Friday. The dollar-yen fell briefly below the 154 level Thursday ...
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video Gold rallied to a new trend high of 2,397 on Thursday before encountering resistance and pulling back intraday. At the time of this writing gold is on track to complete the day with a narrow range, reflecting a pause in the advance. Resistance was seen at the 78.6% Fibonacci retracement and further confirmed by a top rising trend channel line that ...