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AUD/USD has climbed to 0.6676 yet remains in a “sideways” pattern, indicating a lack of clear directional momentum in the market. The Australian dollar’s appreciation is linked to a softening in the US dollar’s stance, influenced by remarks from Federal Reserve Chair Jerome Powell. Powell highlighted the need for further economic data to assess the […]

The post AUD/USD Sees Uptick Amidst Mixed Sentiment appeared first on Action Forex.

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13/09/2024

Sunset Market Commentary

Markets After Wednesday’s slightly higher than expected August (core) CPI , for a brief while it seemed that the debate on the magnitude of the inaugural Fed rate cut had been concluded in favour of a 25 bps step. However, it isn’t. Money markets again seen an almost even chance between a 25 and 50 […]
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