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US Vice President JD Vance says US ‘not there yet’ on an Iran deal
US Vice President JD Vance said that Washington was “not there yet” with Iran but he said the parties were close, the Guardian reported on Thursday. JD Vance added that the US was in a position where it could substantially set back Tehran’s nuclear program.RBNZ's Silk: Interest rates not needing hike yet, but inflation pressures rising soon
Reserve Bank of New Zealand (RBNZ) Assistant Governor Karen Silk said that the central bank is yet to see medium-term inflation pressures emerge, but it’s prepared to respond aggressively if they appear, Bloomberg reported on Friday.
Fxstreet
Thu, May 28
Gold rebounds to near $4,500 after US and Iran reach outline ceasefire deal
Gold price (XAU/USD) edges higher to near $4,500 during the early Asian session on Friday. The precious metal rebounds from a two-month low hit in the previous session after reports that the United States (US) and Iran had reached a ceasefire extension agreement.
Fxstreet
Thu, May 28
Indonesian Rupiah: Carry appeal improves as risks of reversal versus USD – MUFG
MUFG’s Lloyd Chan notes that the Indonesian Rupiah has underperformed recently as macro fundamentals such as a widening current account deficit, rising fiscal risks and policy concerns weigh on sentiment.Fxstreet
Thu, May 28
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Today’s Market Recap: Nasdaq Falls Over 5%, AI Stocks Plunge as Nvidia Drops Over 9%, Micron Falls Over 17%, SanDisk Drops Over 22%
Nasdaq Drops Over 5%, Philadelphia Semiconductor Index Plunges 12% as Chip and AI Infrastructure Stocks Are Sold Off; Micron Falls 17%, Nvidia Drops 9%
US Nonfarm Payrolls expected to pick up in October
US October Nonfarm Payrolls Preview: Can Employment Rebound? US Stocks, Dollar and Gold Face Key Test
SpaceX Falls Over 9%, Down Nearly 30% From October High; Musk Reposts Investor Analysis on Texas Proposed Pause on New Data Center Approvals
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