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The Rupee opened largely flat to slightly weaker on Monday, with fresh U.S.-Iran hostilities having little impact ?on oil prices, risk appetite and Asian currencies. Brent crude was up a modest 0.6% to $72.44 after ?tit-for-tat strikes between the U.S. and Iran underscored the fragility of their interim ?understanding and disrupted shipping in the Strait of Hormuz. The upside was capped by an ?Axios ?report that Washington and Tehran have agreed to halt attacks ahead of a potential meeting in Qatar on Tuesday. Asian ?currencies were mixed at the start of the week, ?with oil-sensitive ?units, the Indonesian rupiah and the Philippine peso, showing little reaction. The U.S. dollar was on the defensive on Monday ?but remained on track for its biggest monthly gain in nearly a year, due to tension ?in the Gulf and ahead of jobs data that could shape the Federal Reserve's rate path. The U.S. and Iran traded fresh barbs over the weekend before they agreed to stop tit-for-tat attacks and meet in Qatar on Tuesday, leaving investors nervous about ?a fragile ceasefire. The euro was flat at $1.1387 after hitting ?a 13-month low against the dollar last week, and was on track for a 2.3% monthly decline. ?Sterling traded 0.1% lower at $1.3198 and was down 2% for the month. The risk-sensitive Australian dollar fetched $0.6885, down 0.1% ?in early trade and heading for a 4.1% monthly decline. The New Zealand dollar was little changed at $0.5635, down 5.9% for the month. The Japanese yen last traded at 161.75, continuing to languish near a 40-year low. The dollar index , which measures the ?greenback against a basket of currencies including the yen and the euro, was a shade higher at 101.36. It ?is now on track for a 2.5% gain for June, which marks the biggest monthly advance since July last year. Gold prices eased on Monday as recent U.S.-Iran ?strikes in the Gulf pushed oil prices higher, while expectations of U.S. Federal Reserve interest rate hikes further weighed on the non-yielding metal. Spot gold was down 0.7% at $4,061.35 per ounce, as of 0242 GMT. ?U.S. gold futures for August delivery lost 0.5% to $4,076.40. The metal was headed for ?a fourth consecutive monthly loss of 10.4%......
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GlobalFX

The US dollar weakened sharply against other major currencies after data showed that the US economy suffered a record contraction in Apr-Jun, while jobless claims rose in the week ended Saturday also rose.The US unit also extended its decline globally on Thursday after Trump raised the possibility of delaying presidential election in the US, scheduled for November.European Stocks ended lower on Thursday due to mounting concern over sluggish economic recovery and a possible second wave of the COVID-19 pandemic.Germany reported its worst decline in GDP since 1970, with the Eurozone’s largest economy shrinking 10.1% quarter-on-quarter in Apr-Jun.Corporate earnings were high on investors' agenda on Thursday.In the US, Most share indices ended lower on Wednesday following bleak economic data.Lack of progress in talks between Congressional Democrats, Republicans and the White House on a new coronavirus aid package also weighed on sentiment.Gold futures settled lower on Thursday after nine consecutive days of gains, with the bullion retreating from a record rally as traders booked some profit.......
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