The Australian Dollar jumped on a weaker US Dollar undermined by lower Treasury yields and China looking to new efforts to provide impetus to its economy. Where to for AUD/USD?
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The Australian Dollar jumped on a weaker US Dollar undermined by lower Treasury yields and China looking to new efforts to provide impetus to its economy. Where to for AUD/USD?
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Wall Street added to recent losses overnight, as the moderation from previous overbought technical conditions and extreme bullish sentiments continues.
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The Nasdaq 100 slides on Monday, extending losses from the previous week as bullish sentiment continues to fade amid growing headwinds for risk assets.
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China’s supportive measures have been widely criticized, with markets making their dissatisfaction known. Chinese assets continue to trade lower, AUD feeling it too
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USD/JPY slides as Japanese authorities talk tough and signal possible intervention to curb speculative activity in the FX space and prop up the yen given “rapid and one-sided moves”
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