Monday, 24 July 2023

Australian Dollar Surges on China Stimulus Pledge; AUD/USD, EUR/AUD, GBP/AUD Price Action

The Australian dollar surged against some of its peers after Chinese authorities pledged to stimulate the economy. What is the outlook for AUD/USD, GBP/AUD, and EUR/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...