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Australian dollar steady after sharp gains on Thursday US nonfarm payrolls expected to climb to 180,000 The Australian dollar is trading quietly on Friday. In the European session, AUD/USD is trading at 0.6611, up 0.14%. It has been a roller-coaster week for the Australian dollar. After declining 1.88% early in the week, the Aussie rebounded […]

The post Australian Dollar on a Roller-Coaster, US NFP Looms appeared first on Action Forex.

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16/08/2024

Euro Edges Higher, US Dollar Under Pressure

The euro has edged higher on Friday. In the European session, EUR/USD is trading at 1.0994, up 0.21% on the day at the time of writing. The US dollar is under pressure and the euro rose as much as 1.2% this week before paring about half of those gains. On Wednesday, the euro hit 1.1047, […]
21/08/2024

Market Analysis: EUR/USD Regains Strength While USD/CHF Struggles

EUR/USD started a fresh increase above the 1.1000 resistance. USD/CHF declined and now struggling below the 0.8600 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro surged after it broke the 1.0950 resistance against the US Dollar. There is a connecting bullish trend line forming with support near 1.1090 on the hourly chart […]
30/11/2023

Eurozone Disinflation Accelerates as Markets Price in April Rate Cut

Eurozone inflation fell much further than expected in October, leaving the headline HICP rate within touching distance of the ECB’s 2% target. While policymakers have continued to push back against talk of rate cuts, the questions will be impossible to ignore now with markets pricing in one in April and at least four in total […]