Sunday, 16 July 2023

Australian Dollar Holds Losses After China GDP; How Much More Downside in AUD/USD?

The Australian dollar held the day’s losses against the US dollar after the Chinese economy grew less than expected in the second quarter. How much more downside in 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...