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#Australian Dollar

US Dollar drowns as rate hike bet wanes

On Friday, the US Dollar Index (DXY) measured against a six major currency had edged lower as FX traders appeared to off-load US Dollar- ‘long buy’ positions from their portfolios following Fed Chair Powell’s remarks earlier in the day. On top of that, the greenback also had been plunged by...
MARKETS
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Dollar higher on upbeat U.S. data but set for weekly losses

HONG KONG, Oct 22 (Reuters) - The dollar was firmer early on Friday, helped higher by upbeat economic data though was headed for its second week of declines while commodities currencies slipped as traders rejigged their positions after this week's brisk rally. Better jobs and housing data and rising U.S....
MARKETS
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DailyFx

Australian Dollar Holds Ground as Evergrande Makes a Payment. Can AUD/USD Move Up?

Australian Dollar, AUD/USD, US Yields, Evergrande, RBA - Talking Points. The Australian Dollar saw early pressure before Evergrande made good. APAC equities moved higher on the news as sentiment turned positive. US yields rise as inflation fears grow. Will AU-US spreads drive AUD/USD?. Overnight, S&P 500 hit a record high...
BUSINESS
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DailyFx

Australian Dollar Outlook: AU-US Yield Spreads the Driver, Will it Steer AUD/USD Up?

The Australian Dollar has rallied on favourable risk environment. Commodities flux as inter-market relationships ricochet supply issues. Those with fastest rising yields win. Will AU-US spreads lift AUD/USD?. Going into the end of the week, AUD/USD was looking to soften up after some solid gains on Tuesday and Wednesday. Then...
MARKETS
investing.com

Dollar Down, Set for Second Week of Declines Despite Positive U.S. Data

Investing.com – The dollar was down on Friday morning in Asia and was set for a second week of declines even as upbeat economic data gave the U.S. currency an earlier boost. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.04% to 93.718 by 10:57 PM ET (2:57 AM GMT).
MARKETS
financebrokerage.com

The dollar is set for a second consecutive week of drop

The U.S. dollar declined against its rivals on Friday. Remarkably, the currency is set for a second consecutive week of drop as news that China Evergrande Group had averted a default buoyed appetite for risky assets. Worries over the property developer whose liabilities are equal to 2% of China’s GDP...
BUSINESS
poundsterlinglive.com

Pound-Australian Dollar Correction Could Fade Near Major Supports Above 1.8250

- Correction could fade if AUD/USD’s rebound stalls. The Pound-to-Australian Dollar exchange rate slipped back toward three-month lows on Friday but a five week corrective downtrend could be unlikely to extend much below the nearby 1.8300 level unless the AUD/USD is able to find inspiration for a further recovery. Pound...
BUSINESS
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