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Aussie Rallies to 2025 Highs on U.S.-China Trade Truce, Upbeat Wage Data

Key Takeaways: *U.S.-China positive trade development boosts the Australian dollar’s strength. *upbeat Australia wage data bolster Aussie dollar strength. Market Summary: The Australian dollar surged to its strongest level of 2025 following a breakthrough in U.S.-China trade talks and stronger-than-expected domestic wage growth. After a week-long negotiation in Switzerland, both countries agreed to a 90-dayContinue Reading
Euro Holds Steady Amid Mixed Signals from Economic Data and Trade Tensions

Key Takeaways: *Recent upbeat economic indicators buoyed the euro. *pay attention to the Eurozone-U.S. trade tension. Market Summary: The euro is trading with relative stability following a string of upbeat economic data from the Eurozone, fueling expectations that the European Central Bank may adopt a more hawkish monetary stance in the coming months. Both CPIContinue Reading
Gold Slips to May Low as China-U.S. Trade De-escalation Fuels Risk Rally

Key Takeaways: *China-U.S. positive trade talk boosts the market sentiment *Improved marker risk appetite exert downside pressure on the gold. Market Summary: Gold prices slid to their lowest level in May, hovering near $3,220, as renewed optimism in global markets following a breakthrough in China-U.S. trade relations dampened demand for safe-haven assets. The week-long negotiationsContinue Reading
Written on May 13, 2025 at 7:15 am
Categories: Daily Market Analysis
Tags: Gold, risk-on, US-China trade deal
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