Australian Dollar encountered significant headwinds in today’s Asian session, weighed down by the latest Australian Q4 CPI data. The lower than expected inflation confirmed that RBA would hold interest rate unchanged in the forthcoming meeting next week. The central bank could also be finally ready to indicate completion of the tightening cycle. Market speculation is […]
The forex market continues to display a mild risk-on mood, with commodity-linked currencies Australian, New Zealand, and Canadian Dollars gaining ground. In contrast, safe-haven currencies Japanese Yen, Swiss Franc, and Dollar are under pressure. Australian Dollar jumps earlier today following RBA’s decision to hold rates steady, combined with China’s broad stimulus package aimed at boosting […]
The post Aussie Stays Firm With Copper’s Rally Giving Extra Support appeared first on Action Forex.
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