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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

Forex Market: AUD/USD extends rebound from August 20 trough ahead of Australian GDP, US NFP reports

AUD/USD rose on Tuesday, while extending a rebound from August 20th low of 0.7106 – a 9 1/2-month low, after new data showed that a surge in government spending had facilitated a crucial boost to growth, probably helping the economy avoid recession. The official Australian GDP numbers for the second quarter are due to be […]

August 31, 2021, 9:04 am in Currency News

Forex Market: GBP/USD rangebound in light trade, dollar hovers above two-week lows after Fed Chair Powell’s remarks

GBP/USD remained stuck within a narrow range in light trade on Monday, as the US Dollar hovered just above a two-week low after the Federal Reserve laid out a slower-than-anticipated path to interest rate increases. In a speech at the Jackson Hole symposium on Friday Fed Chair Jerome Powell said that the central bank’s tapering […]

August 30, 2021, 9:08 am in Currency News

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