Sunday, 21 August 2022

Australian Dollar Eyes PBOC Rate Cuts Amid Protracted China Power Woes

The Australian Dollar is facing increased headwinds as China's power crunch worsens. A PBOC rate cut expected today may not offer much relief to 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...