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市场新闻

US recap: Dollar rises with yields after ADP beat

BUZZ-COMMENT-US recap: Dollar rises with yields after ADP beat Oct 2 (Reuters) - The dollar index rose Wednesday, according to LSEG data, tracking higher Treasury yields following upbeat U.S. economic data and as investors pivoted toward greenbacks as a haven against Middle East tensions. The ADP estimate for September payrolls rose an above -forecast 143k and the pace of U.S.
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ADP beat could give sterling longs pause for thought

BUZZ-COMMENT-ADP beat could give sterling longs pause for thought Sterling remains the best performing G7 currency against the dollar in 2024, up 4.3% year-to-date, and should remain well bid on favorable interest rate differentials, but longs might still trim positions if Wednesday's ADP proves to be representative of other key U.S. employment data.
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Dollar holds gains as war widens in Middle East, rallies against yen

FOREX-Dollar holds gains as war widens in Middle East, rallies against yen Updates at 1055 GMT By Harry Robertson and Tom Westbrook LONDON/SYDNEY, Oct 2 (Reuters) - The dollar held on to its biggest gains in a week on Wednesday after an Iranian missile attack on Israel drove the buying of safe haven assets as investors fretted about the widening of conflict in the Middle East.
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Sterling steadies after dropping on Middle East escalation

Sterling steadies after dropping on Middle East escalation MidEast escalation pressures pound against safe-haven dollar Data shows UK pay settlements at 2-year low in 3-months to Aug BoE speeches, services and construction surveys eyed By Medha Singh Oct 2 (Reuters) - The British pound steadied on Wednesday, a day after it fell sharply against the dollar as the growing conflict in the Middle East spurred demand for safe haven assets.
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This is a bad time for FX traders to gamble

BUZZ-COMMENT-This is a bad time for FX traders to gamble Oct 2 (Reuters) - This is a bad time for FX traders to gamble, with a U.S. presidential election looming and significant risk stemming from conflict in the Middle East. At the very least, traders who are broadly betting against the U.S. currency should consider taking profits, or look to limit losses that could result from a likely increase in demand for the world's reserve currency.
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