Tag: AUDUSD
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RBA Takes the Lead in the Battle Against Inflation: AUD/USD to Watch
Australian Dollar softening At the start of today’s trading session, the value of the Australian Dollar has slightly declined. Possibility of Additional RBA Rate Increases The Reserve Bank of Australia’s (RBA) most recent rate increase looks to pave the way for more rate increases in the near future. Inflation is still a major concern The […]
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Global Market Frenzy: Dollar, Gold, and Interest Rates in Focus as Fed Chairman Speaks
The Dollar Reverses Direction Treasury rates and the US dollar both witnessed a minor decline, which provided an opportunity for other G10 currencies to gain ground. Gold thus saw a chance to shine on Tuesday morning. However, the market’s course in February may be affected by the effect of last Friday’s strong jobs report. Rates […]