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A mixed mood could have been spotted during today's Asian trading hours. Australian S&P/ASX 200 and indices from China dropped while Japanese Nikkei 225 and South Korean Kospi gained
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DAX futures point to a flat opening of the European session
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Members of the OPEC+ group failed to reach an agreement on output and as a result production will remain unchanged. No new date for the meeting has been set
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The Reserve Bank of Australia kept interest rates unchanged. The Bank aims to continue bond purchases beyond September. RBA will conduct review of its policy in November
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Recent better-than-expected data from New Zealand encouraged numerous banks from the country to boost its rate hike forecasts. A number of banks from New Zealand now expects RBNZ to hike rates this November
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Japanese household spending increased 11.6% YoY in May (exp. 11% YoY)
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UK Prime Minister Johnson confirmed that Covid-19 restriction will be lifted on July 19
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Precious metals trade higher, oil gains while industrial metals and agricultural goods trade mixed
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Bitcoin trades near $34,500 mark
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AUD and NZD are the best performing major currencies while USD and CAD lag the most
NZDUSD is one of the best performing major currency pairs today. Boosted rate hike forecasts are giving the New Zealand dollar a lift. The pair is testing the resistance zone marked with 38.2% retracement of a recent upward impulse (0.7100). Source: xStation5
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