Thursday, 9 July 2020

AUD/USD Fails to Test June High Despite ‘New Phase’ of Fiscal Stimulus

Failure to test the June high (0.7064) may generate range bound conditions in AUD/USD even though Treasurer Frydenberg plans to unveil a “new phase” of fiscal stimulus.

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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...