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Forex Market: AUD/USD plunges to a fresh 34-week low as Delta variant hampers risk sentiment

AUD/USD, a liquid proxy for risk, traded near a fresh 34-week low on Tuesday, as rising concerns about the impact of the Delta variant on global economic recovery triggered a rush to safety, supporting the US Dollar and the Japanese Yen. “Learning to live with COVID is not being enthusiastically embraced amid the spread of […]

July 20, 2021, 9:13 am in Currency News

Forex Market: GBP/USD hits a fresh three-month trough amid surging global COVID-19 cases as England ends social curbs

GBP/USD plunged to a fresh three-month low on Monday, as jittery mood over England’s re-opening dominated global markets amid continuing spread of the Delta variant of the novel coronavirus, supporting demand for safe haven assets such as the US Dollar and the Japanese Yen. July 19th marks the end of most social restrictions in England, […]

July 19, 2021, 8:43 am in Currency News

Forex Market: AUD/USD extends rebound from recent lows ahead of US CPI data, Fed Powell’s testimony

AUD/USD edged higher on Tuesday, while extending a rebound from last week’s trough, ahead of the US CPI inflation report, which could provide clues over the timing of the Federal Reserve’s stimulus tapering and rate hikes. Still, pandemic-related lockdown restrictions were limiting the Aussie’s upside. “The worsening Covid-19 outbreaks in Sydney is keeping Australian dollar […]

July 13, 2021, 8:27 am in Currency News

Forex Market: GBP/USD eases from two-week highs ahead of US, UK CPI inflation reports

GBP/USD eased from a fresh two-week high during Monday’s European session amid lack of catalysts to sustain last week’s move up, while investors now turn their attention to the upcoming key inflation numbers from the United States and the United Kingdom. The pair will likely continue trading within a tight range today ahead of the […]

July 12, 2021, 9:01 am in Currency News

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