Wednesday, 5 August 2020

AUD/USD Trades to Fresh Yearly High Ahead of RBA Policy Statement

The updated Statement on Monetary Policy may keep AUD/USD afloat as the RBA continues to rule out a negative interest rate policy (NIRP) for Australia.

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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...