GBP/USD remains under pressure despite the BoE hiking rates by 25bps. The dovish slant to the announcement added to risk off sentiment, keeping cable subdued.
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GBP/USD remains under pressure despite the BoE hiking rates by 25bps. The dovish slant to the announcement added to risk off sentiment, keeping cable subdued.
from DailyFX – Market News https://bit.ly/3Ks6C7s
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Euro faces renewed pressure as business activity continues to decline. Is this the beginning of a long-term downtrend or merely a correction following an extended upside rally?
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Selling continues in indices, as the effects of the US downgrade continue to rock markets.
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The U.S. dollar is capitalizing on the risk aversion in global markets as investors seek out safe haven assets. DXY approaching key resistance levels.
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A scaling back in risk appetite and an unexpected pause by the Reserve Bank of Australia (RBA) earlier in the week is weighing on AUD. What is the outlook for AUD/USD, AUD/CAD, and AUD/SGD?
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