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06/05/2025
Reuters survey: Out of 83 foreign exchange strategists, 46 expressed concerns about the safe-haven status of the US dollar.
Latest
1 m ago
Local time this afternoon, German President Steinmeier handed over the appointment certificate to Merkel at the Presidential Palace. Merkel officially became the new Chancellor of the German Federal Government.
2 m ago
Renaissance Asia (00274.HK): Huang Nianqin resigns as independent non-executive director.
4 m ago
Kazakhstan is considering the option of fulfilling its OPEC+ production cut obligations.
4 m ago
According to reports, Kazakhstan is considering the option of complying with the country's OPEC+ production cut obligations, with Saudi Arabia reiterating the need for quota cheaters to adhere to the regulations. "Kazakhstan has always been committed to the OPEC+ agreement," the country's energy ministry stated. The largest oil-producing country in Central Asia is "considering all possible options to fulfill its commitments." Since OPEC+ decided on May 3 to increase production more than expected, oil prices have seen a decline, leading investment banks including Goldman Sachs to lower their price forecasts. Saudi Arabia, the leader of OPEC, warned at the meeting that members of the organization that are producing in excess should take action, otherwise they will face further production increases.
5 m ago
Spot gold just broke through the $3380.00 per ounce level, with the latest price at $3379.14 per ounce, up 1.36% on the day; COMEX gold futures' latest price is $3389.20 per ounce, up 2.01% on the day.
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