The Australian Dollar (AUD) extends its rally into a third straight trading session, up 0.25% on Monday, as investors adjust their interest rate expectations for the Federal Reserve (Fed) following a soft US jobs report last week. Consequently, the US Dollar (USD) weakened, driving AUD/USD higher to trade at 0.6950…
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See AllUSD/JPY trades around 162.30 on Monday at the time of writing, up 0.58% on the day, extending its rebound after last week’s pullback. The pair is moving back toward the nearly 40-year high of 162.84 reached on Wednesday, as broad US Dollar (USD) strength continues to dominate the foreign exchange market and keep pressure on the Japanese Yen (JPY).The US Dollar is benefiting from renewed demand despite last week’s weaker-than-expected Nonfarm Payrolls (NFP) report. Investors…
MUFG’s Lee Hardman highlights that EUR/USD is trading just above 1.1400, testing the bottom of…
This story is based on an interview with Nanik Tagore, 22, a recent graduate and…
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