Monday, 11 October 2021

AUD/USD Rises Despite Wall Street Selloff as Chinese Flooding Lifts Coal Prices

The Australian Dollar charged higher overnight as flooding across China forced mines to close on safety concerns. That sent coal prices in Asia surging higher alongside AUD/USD.

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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...