Friday, 7 July 2023

Australian Dollar Outlook: Central Banks Continue to Grapple with CPI

The Australian Dollar finished the second quarter not far from where it started after breaking both sides of an established range. Although some domestic factors have played a role in AUD/USD direction, the US Dollar remains a dominant factor for the currency.

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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...