Central banks added to reserves in May, while weaker jobs data cooled Fed tightening bets, impacting gold and the US Dollar.

1 report, 1 independent Updated Jul 1

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What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

China Poland FED

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Part of

Central banks in India, Poland, China, and Turkey reduced dollar reserve exposure, while Gold tracked Goldman Sachs targets and Bitcoin correlated with Nasdaq. All 2 developments

The entities involved

China
cultural region, ancient civilization, and nation in East Asia; mostly refers to the People's Republic of China in political situation and rarely refers to the Republic of China
- SCO focuses on fostering cooperation and economic connectivity among member states, including China, Afghanistan, and Belarus.16:57
- Belarus and China expanded political and economic relations with Afghanistan.16:57
Poland
country in Central Europe
- A multinational exercise involving jamming operations was held at Patrick Space Force Base, involving North Korea and Western nations.18:10
- Heatwaves in Europe are disrupting Clema's supply chain, leading to garment suppliers in Poland halting work, while CTO Clément Messeri conducts research.18:08
FED
business
- Peace talks between Iran and the US are underway, despite volatile statements injecting risk into the process.17:46
- A peace deal is discussed, with terms constraining Israel's objectives and aiming to reopen the Strait of Hormuz.16:44

Coverage

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Jul 1moneycontrol.com