Wednesday, 4 March 2020

British Pound Downtrend Held, Australian Dollar Rose Post Super Tuesday

The British Pound rose, but the GBP/USD downtrend held. The incoming BoE chief cooled rate cut bets. The AUD/USD rose with stocks after Fed easing and the “Super Tuesday” primary.

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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...