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The Australian dollar has posted considerable gains on Thursday. AUD/USD is trading at 0.6816 in the European session, up 0.47% on the day at the time of writing. The US dollar continues to struggle against the major currencies and the Aussie has taken full advantage with an impressive 4.1% gain in August. Australian retail sales […]

The post Aussie Rises to 8-Month High, Retail Sales Next appeared first on Action Forex.

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24/05/2024

Canadian Dollar Eyes Retail Sales

The Canadian dollar is unchanged on Friday. USD/CAD is trading at 1.3726 in the European session at the time of writing at the time. Canada releases retail sales later, which may trigger some volatility in the North American session. The US will release durable goods and consumer confidence data. Canada’s retail sales expected to remain […]
08/05/2024

Sunset Market Commentary

Markets In yet another dull trading day the weak SEK (cf. below) and JPY stand out. The yen is not impressed by Ueda ramping up warnings. It began in Asian dealings, where the BoJ governor said that a policy response (i.e. rate hike) could be needed depending on the currency’s moves. Ueda said a weak […]
05/08/2024

Global Stock Rout as Nasdaq 100 Futures Falls 6%, Safe Havens Bid

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