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Iran: Intense communications to gradually reopen Hormuz - Al-Hadath
According to a post from Al-Hadath, a sister channel to Al Arabiya, on X, sources have stated that intense communications are ongoing to gradually reopen the Strait of Hormuz, a vital passage to almost 20% of the global energy supply.Fxstreet
Thu, May 7
EUR/JPY steadies near 183.50 as strong German data meets firm Japanese Yen
EUR/JPY remains flat after experiencing volatility, hovering around 183.70 during the early European hours on Thursday. The currency cross remains subdued as the Euro (EUR) failed to gain support from the strong German data.
Fxstreet
Thu, May 7
ECB’s Nagel: The ECB is likely to hike rates unless the outlook improves markedly
European Central Bank (ECB) Governing Council member and President of the Deutsche Bundesbank, Joachim Nagel, said during the European trading session on Friday that the central bank could raise interest rates if the outlook for the Eurozone economy doesn’t improve markedly.
Fxstreet
Thu, May 7
German Factory Orders climb by 5.0% MoM in March vs. 1.0% expected
Germany's Factory Orders jumped in March, suggesting that the country’s manufacturing sector activity continues to gain momentum, according to the official data published by the Federal Statistics Office on Thursday.Fxstreet
Thu, May 7
US Dollar Index hovers around 98.00 as safe-have demand eases on US-Iran optimism
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining steady after posting nearly 0.5% losses in the previous day and trading around 98.00 during the Asian hours on Thursday.
Fxstreet
Thu, May 7
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