AUD / USD slowly approaching 0.7200 amid modest DXY correction
AUD / USD is rebounding after Tuesday’s slide. The US Dollar Index consolidates near 93.50. Data ahead: wholesale inflation in
AUD / USD is rebounding after Tuesday’s slide. The US Dollar Index consolidates near 93.50. Data ahead: wholesale inflation in
The DXY recovery appears to have been exhausted near 93.70. Higher up, the 93.85 / 90 band emerges. After bottoming
Dollar and markets with lateral movements favor low volatility in oil. WTI loses steam and fails to assert itself over
GBP / USD remains stable above 1.29 after choppy moves. The 100 hourly SMA limits the recovery attempt from the
USD / JPY is forecast to remain trading within the 105.00-106.00 range on the near term horizon, UOB Group currency
Euro with some weakness in the market that favors a fall in the EUR / JPY. Yen remains firm, despite
EUR / USD remains on the defensive well below 1.1800. Investors’ attention remains on US politics and the pandemic. An
The World Trade Organization (WTO) has set a $ 4 billion tariff on US products as a retaliation by the European
However, economic losses in 20-25 due to unemployment, bankruptcy, debt, etc. due to the economic slowdown may reach up to
However, as the US economy gradually recovers from the recession caused by the crisis of the new coronavirus, the labor
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