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The EURUSD currency pair is starting the week trying to stabilize after dropping to 1.0332 last week, its lowest level in two years. The Euro has struggled, falling 4.21% this month and 5.54% since the start of 2024, as concerns about the Eurozone’s slowing economy weigh on the currency. Business activity in the region unexpectedly […]

The post EURUSD: Weekly Market Review appeared first on Action Forex.

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13/06/2024

AUD/USD: Australian Dollar Rallies 1.35% as US Inflation Eases Below Expectations

Australian dollar was one of the top gainers among major currencies on Wednesday, after weaker than expected US CPI data revived hopes disinflation is back to play and added to doves advocating for September Fed rate cut. AUDUSD pair advanced 1.35% after release of data and cracked 0.6700 barrier, nearing full retracement of 0.6714/0.6575 pullback […]
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Australian Dollar Hits Four-Week Low Amid RBA Stance and US Dollar Strength

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