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News

Forex Market: AUD/USD resumes slide amid further weakness in iron ore, focus sets on Fed Chair Powell’s testimony

AUD/USD resumed its retreat on Tuesday, as iron ore prices continued to drop, while China prepares to tighten oversight of the commodity market. The most recent drop in iron ore futures narrowed the commodity’s year-to-date advance to 30%, while China was set to step up inspections into the market. “China is upping the ante on […]

June 22, 2021, 8:45 am in Currency News

Forex Market: GBP/USD rebounds from nine-month lows ahead of Fed Chair Powell’s testimony, BoE monetary policy decision

GBP/USD rebounded from an over nine-week low on Monday, with market focus now turning to a testimony by Fed Chair Jerome Powell on pandemic emergency lending before the Select Subcommittee on the Coronavirus Crisis on Tuesday and to June’s policy decision from the Bank of England on Thursday. BoE policymakers look set to remain divided […]

June 21, 2021, 9:03 am in Currency News

AUD/USD stuck in tight range ahead of FOMC meeting, RBA to maintain ultra-easy policy stance, decide on future bond purchases in July

AUD/USD traded in a narrow range on Tuesday ahead of a keenly anticipated Federal Reserve policy meeting and after the Reserve Bank of Australia released the minutes from its June meeting. The RBA minutes showed that policy makers would not raise the official cash rate until actual inflation in Australia was sustainably within the 2% […]

June 15, 2021, 9:12 am in Currency News

Forex Market: GBP/USD extends losses due to stronger dollar ahead of FOMC meeting outcome, UK re-opening delay shrugged off

GBP/USD extended last Friday’s losses at the start of the new week, mostly due to a firmer US Dollar. The Sterling seemed to have shown little reaction to news that the British government will probably defer the end of coronavirus-related social restrictions. PM Boris Johnson is expected to announce a delay of four weeks to […]

June 14, 2021, 9:05 am in Currency News

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