The Australian Dollar lifted off to start this week after the US Dollar was pummelled after BoJ comments. Bond yields might continue to play a role. Will they turn in favour of AUD/USD?
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The Australian Dollar lifted off to start this week after the US Dollar was pummelled after BoJ comments. Bond yields might continue to play a role. Will they turn in favour of AUD/USD?
from DailyFX – Market News https://ift.tt/MrVRxyY
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Gold climbed on Monday on the back of a weaker U.S. dollar, but gains were limited as traders avoided taking large directional positions ahead of Wednesday’s U.S. CPI data.
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AUD/USD and NZD/USD rally on broad-based U.S. dollar weakness, ahead of a key U.S. inflation report that could spark volatility and set the tone for financial markets in the near term.
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EUR/USD has begun the week on the front foot ahead the ECB meeting on Thursday while EUR/GBP drifts slightly lower, consolidating within the broader range
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The Japanese Yen picked up a small bid after a weekend article suggested that the Bank of Japan (BoJ) may soon review its ultra-loose monetary policy.
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