Monday, 14 August 2023

Australian Dollar Defies Gravity with Action Out of China, the PBOC and Japan

The Australian Dollar initially dipped lower before rallying as the US Dollar paused in its recent run-up while Chinese data showed a fragile economy needing stimulus. Higher 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...