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News

Euro pushes for parity as tentative calm returns elsewhere

* Dollar near two-decade high vs euro * Euro slips to new 20-yr low; sterling squeezed * European stocks rebounds after steep drop * Oil bounces after near 10% slump By Tom Wilson and Marc Jones LONDON, July 6 (Reuters) - Tentative calm returned to global markets on Wednesday, with the recession-obsessed euro slumped at a two-decade low, stocks inc
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Gold languishes near December low as robust dollar weighs

* There are signs of bargain hunting below $1,800 - analyst * U.S. Federal Reserve to release June meeting minutes today * China, HK stocks drop on COVID flare-ups (Updates prices) By Arundhati Sarkar July 6 (Reuters) - Gold prices hit a near seven-month trough on Wednesday as a stronger dollar and increasing rate-hike bets dented the zero-yielding
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Global markets steady but recession fears remain

* Dollar near two-decade high vs euro * Euro huddles at 20-yr low; sterling squeezed * European stocks rebounds after steep drop By Tom Wilson, Sam Byford and Tom Westbrook LONDON/SINGAPORE/TOKYO, July 6 (Reuters) - Tentative calm returned to global markets on Wednesday, with the euro steadying after dropping to a two-decade low and oil back above
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Dollar reigns as investors fear recession pain

* Oil, Europe equity futures steady after steep drop * Euro huddles at 20-yr low; sterling squeezed * China stocks slip on fresh Shanghai virus outbreak By Sam Byford and Tom Westbrook TOKYO/SINGAPORE, July 6 (Reuters) - Asian stocks fell and the dollar stood by a two-decade high on the euro on Wednesday as investors' fears deepened that the contin
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Gold sulks near 7-month low as dollar basks in safe-haven demand

* Spot gold may test support at $1,756 per ounce - technicals * U.S. Federal Reserve to release June meeting minutes today * Silver at two-year lows (Updates prices) By Bharat Gautam July 6 (Reuters) - Gold hovered near a fresh seven-month low on Wednesday, with the dollar perched at a two-decade peak, as investors continued to snub bullion and loo
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Stocks slide, dollar shines as recession fears deepen

By Sam Byford TOKYO, July 6 (Reuters) - Asian stocks slipped and the dollar stood by a two-decade high on the euro on Wednesday as investors' fears deepened that the continent is leading the world into recession, while oil and European equity futures attempted to steady after a slide. Brent crude futures LCOc1 bounced 1.4% in morning trade to $104.
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Gold prices edge up after selloff as dollar eases

July 6 (Reuters) - Gold prices gained on Wednesday, following a selloff in the previous session that pushed bullion to a seven-month low, after the dollar halted its rally. FUNDAMENTALS * Spot gold XAU= rose 0.4% to $1,770.71 per ounce, as of 0059 GMT. U.S. gold futures GCv1 firmed 0.3% to $1,768.80. * Gold lost more than 2% on Tuesday, as sharp ga
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Euro slumps to two-decade low, oil tumbles as recession fears intensify

* Euro back at 2002 levels on fears of recession, energy crisis * U.S. equities regain some ground, U.S. Treasury yields tumble * Graphic: Global asset performance Link * Graphic: World FX rates Link By Sinéad Carew July 5 (Reuters) - The euro sank on Tuesday to its weakest level against the dollar in almost 20 years while oil futures tumbled and
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Euro slumps to two-decade low, oil tumbles as recession fears intensify

* Euro back at 2002 levels after gas price surge, weak data * On Wall St, Dow, S&P down, U.S. Treasury yields tumble * Graphic: Global asset performance Link * Graphic: World FX rates Link By Sinéad Carew July 5 (Reuters) - The euro sank on Tuesday to its weakest level against the dollar in almost 20 years while oil futures tumbled and bond prices
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Euro slides to two-decade low, equities sink as recession fears intensify

* Euro back at 2002 levels after gas price surge, weak data * Wall St equities dip, U.S. Treasury yields tumbled * Graphic: Global asset performance Link * Graphic: World FX rates Link By Sinéad Carew July 5 (Reuters) - Wall Street's major stock indexes followed European stocks lower on Monday, and the euro sank to its weakest level against the do
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Gold drops over 2% in selloff sparked by strong dollar

* Dollar's 1.4% rise makes gold more expensive for overseas buyers * Market focus on minutes of Fed June meeting on Wednesday * India's June gold imports treble y/y on price correction (Updates prices) By Kavya Guduru July 5 (Reuters) - Gold lost more than 2% on Tuesday to sink further below the $1,800 support level as a sharp rally in the dollar a
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Euro slides to two-decade low as recession fears mount

* Euro back at 2002 levels after gas price surge, weak data * Wall St futures down after U.S. holiday * RBA raises but Aussie falls sharply * Graphic: Global asset performance Link * Graphic: World FX rates Link By Tommy Wilkes LONDON, July 5 (Reuters) - The euro sank to its weakest since late 2002 versus the dollar on Tuesday, as a jump in natural
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Euro hits two-decade low as gas worries fan recession fear

* Euro back at 2002 levels after gas price surge, weak data * Wall St futures down after U.S. holiday * RBA raises but Aussie falls sharply * Graphic: Global asset performance Link * Graphic: World FX rates Link By Tommy Wilkes LONDON, July 5 (Reuters) - The euro sank to a two-decade low versus the dollar on Tuesday as a jump in natural gas prices
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Gold dips as rate hike bets, strong dollar trump safe-haven bids

* Minutes of Fed June meeting due on Wednesday * Gold could move between $1,750 and $1,900 for a while - analyst * India's June gold imports treble y/y on price correction * Russia's Potanin ready to discuss Nornickel-Rusal merger By Arundhati Sarkar July 5 (Reuters) - Gold fell on Tuesday pressured by rate hike expectations and a stronger dollar,
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Euro plunges to two-decade low vs dollar as economic fears mount

* Euro back at 2002 levels after weak data and gas price surge * Wall St futures down after U.S. holiday * RBA raises but Aussie falls sharply * Graphic: Global asset performance Link * Graphic: World FX rates Link By Tommy Wilkes LONDON, July 5 (Reuters) - The euro sank to a two-decade low versus the dollar on Tuesday as another surge in natural g
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India's June gold imports treble y/y on price correction

By Rajendra Jadhav MUMBAI, July 5 (Reuters) - India's gold imports in June nearly trebled from year-ago levels on correction in prices and as jewellers replenished inventories after robust sales during a key festival, a government source said on Tuesday. Higher imports by the world's second-biggest bullion consumer could support benchmark gold pric
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Asia shares squeeze higher, take brief respite from growth fears

By Kane Wu HONG KONG, July 5 (Reuters) - Asian shares eked out their best day in a week on Tuesday as positive economic data and hints of easing Sino-U.S. tensions offered some respite after recent sell-offs, though fears of a global recession and sky-high inflation tempered the mood. MSCI's gauge of Asia Pacific stocks outside Japan .MIAPJ0000PUS
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Gold dips as stronger dollar, rate hikes trounce growth concerns

* Asian shares firm, growth fears cap gains * Dollar heads back towards 2-decade peaks (Recasts, updates prices) By Bharat Gautam July 5 (Reuters) - Gold prices eased in a narrow range on Tuesday, as an elevated dollar and impending interest rate hikes overpowered support from underlying concerns over the global economic outlook. Spot gold XAU= was
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Asia stocks edge higher; growth, inflation fears check gains

By Kane Wu HONG KONG, July 5 (Reuters) - Asian shares inched up on Tuesday morning as positive economic data and hints of easing Sino-U.S. tensions offered some respite to the recent sell-offs, though persistent fears about a global recession and sky-high inflation kept most buyers at bay. MSCI's gauge of Asia Pacific stocks outside Japan .MIAPJ000
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Gold inches down as U.S. bond yields bounce back

July 5 (Reuters) - Gold dipped slightly on Tuesday, as a recovery in U.S. Treasury yields from last week's one-month lows reduced the appeal of non-yielding bullion, with a strong dollar also piling on. FUNDAMENTALS * Spot gold XAU= was down 0.1% at $1,807.93 per ounce, as of 0101 GMT. U.S. gold futures GCv1 rose 0.4% to $1,808.50. * Resuming trade
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