Wednesday, 7 August 2019

AUD/USD Downtrend in Focus Despite Stronger Chinese Trade Surplus

The Australian Dollar may be vulnerable despite a growth-supportive Chinese trade surplus. An escalation in US-China trade tensions risks resuming the AUD/USD dominant downtrend.


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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...