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    AFP News

    US stocks rally again as China premier warns on Covid-hit economy

    Wall Street stocks rose for a second straight session Thursday on a mixed day for global equities, while China's premier offered an unusually stark warning as the country's zero-Covid strategy bites into growth.

  • Business

    Dollar eases as traders scale back bets on Fed tightening

    The U.S. dollar edged lower on Thursday as markets considered whether the Federal Reserve might slow or even pause its tightening cycle in the second half of the year, which would weaken the allure of the safehaven currency. The currency began to weaken after minutes from the Fed's May meeting, released Wednesday, showed that most participants judged that 50 basis-point hikes would likely be appropriate at the June and July policy meetings to combat inflation that they agreed had become a key threat to the economy's performance. "That's prompting a little bit of a rally here for risky assets, which is really nice for the risk trade, which in essence, is bad for the dollar," he said.

  • Business

    OctaFX wins Best Mobile Trading Platform award at Forex Brokers Award 2022

    OctaFX’s mobile trading platform was recognised as the best of its kind by public voting held by as part of its Forex Brokers Awards 2022.KUALA LUMPUR, MALAYSIA - Media OutReach - 26 May 2022 - The global broker OctaFX received the ‘Best Mobile Trading Platform’ award from the international Forex news portal The winners in 27 nominations of the Forex Brokers Award 2022 were determined by public voting, which makes the award particularly relevant, as it reflects t