Monday, 8 August 2022

AUD/USD Buoyed by Rising Iron Ore Prices as Traders Eye Westpac Consumer Confidence

The Australian Dollar rose against the US Dollar overnight, supported by higher iron ore and copper prices. The incoming August consumer confidence data from Westpac presents a risk to AUD.

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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...