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Forex Market: AUD/USD rebounds from a one-month low, tracking oil price rally, Fed’s meeting outcome in focus

AUD/USD snapped a three-day streak of losses on Tuesday, while tracking a rally in crude oil prices and despite overall risk-averse mood. Yesterday the Aussie slipped to a fresh one-month low against its US counterpart, as the risk of a potential default by property developer China Evergrande heightened, causing a flight to safety in the […]

September 21, 2021, 8:58 am in Currency News

Forex Market: GBP/USD hits a fresh one-month low as market caution, Fed taper signal expectations support US Dollar

GBP/USD retreated for a third straight trading day on Monday, while touching a fresh one-month low, as the US Dollar remained firm on investor expectations of the Federal Reserve moving a step closer towards asset purchase tapering this week. Additionally, concerns that the eventual collapse of indebted developer China Evergrande could lead to a broader […]

September 20, 2021, 8:53 am in Currency News

Forex Market: GBP/USD comes off one-week highs as investors look to US CPI data for Fed taper clues

GBP/USD extended a pullback from recent one-week peak on Monday, as the US Dollar strengthened ahead of key macro data that may provide clues over the timing of the Federal Reserve’s asset purchase tapering. Having registered its first weekly gain in three last week due to increased safe haven demand and higher US bond yields, […]

September 13, 2021, 9:02 am in Currency News

Forex Market: AUD/USD retreats a second day as RBA sticks with bond tapering plans, but extends program to February 2022

AUD/USD extended losses on Tuesday after the Reserve Bank of Australia cut its bond-purchasing program by AUD 1 billion per week to AUD 4 billion per week and also extended the program to at least mid-February 2022. Many analysts had expected the RBA to delay bond tapering, since lockdown restrictions in major cities will probably […]

September 7, 2021, 8:48 am in Currency News

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