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The AUD/USD pair has halted its nearly continuous seven-day decline, stabilising around 0.6730 on Thursday. This level marks the monthly low for the Australian dollar, which has faced significant pressures lately due to a strengthening US dollar and uncertainties in China, Australia’s largest trading partner. Market influences and economic indicators The recent US jobs report […]

The post AUD/USD Stabilises Near Monthly Low Amid Mixed Signals appeared first on Action Forex.

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12/12/2024

Sunset Market Commentary

Markets The ECB as expected lowered the policy rates by 25 bps to 3% (deposit). The ECB will no longer reinvest some of the maturing PEPP bonds, allowing for a natural roll-off of the pandemic bond portfolio in fashion identical to APP. The central bank in its statement said disinflation is well on track. CPI […]
28/11/2024

GBP/USD Eyes Comeback: How Long Can It Hold?

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01/10/2024

US: Manufacturing Index unchanged in September  

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