Jan 6, 2021 17:07 GMTFXStreet News
AUD/USD is off highs but still trades with decent gains on the day as markets continue to bet on higher inflation ahead.
The Democrats appear to have won control over Congress, meaning more fiscal stimulus is likely incoming.
Commodity-linked AUD stands to benefit from higher inflation.
AUD/USD rallied above the 0.7800 level early on during Wednesday’s European morning session, hitting multi-year highs at 0.7820 by around 10:00GMT, but has since fallen back to trade around 0.7770 amid a mild recovery in the US dollar that has seen the Dollar Index (DXY) recovery back to 89.70 after hitting multi-year lows in the 89.20s in early European trade.
The emperor awaiting exile stands buck naked while his entourage of flacks, hacks, toadies, suck-ups, yes men, boot lickers, ring kissers and serial sycophants go ga ga over his wardrobe and flair for fashion.
Donald Trump never joined the Republican Party. The Republican Party joined the Donald Trump Club. Trump doesn’t need the Republican Party now that he’s leaving office, but Republicans sure as heck still need him.
He is their lifeline to the 74 million plus people who voted for him in November. He has the power with the touch of a tweet to determine the primary fate of Republican candidates running for Congress.
31 Dec 2020Valdosta, GA
VALDOSTA, Georgia South Dakota Gov. Kristi Noem urged Georgians to rally behind GOP Sens. Kelly Loeffler (R-GA) and David Perdue (R-GA) here on Wednesday, the second of many stops in her latest swing through the Peach State ahead of Tuesday’s upcoming U.S. Senate runoffs.
Loeffler and Perdue, this coming Tuesday, respectively face Democrats Rev. Raphael Warnock and Jon Ossoff in runoffs that will determine majority control of the upper congressional chamber. If both Democrats win, the U.S. Senate would deadlock at a 50-50 tie and Vice President-elect Kamala Harris would cut the ties, throwing control of the chamber to the Democrats.
Dec 30, 2020 17:37 GMTFXStreet News
USD/CAD losses have accelerated in recent trade as USD continues to weaken.
Bears will be on the lookout for a test of annual lows just under the psychological 1.2700 level.
USD/CAD has been on the back foot thus far on Wednesday, the pair dropping from above the 1.2800 level in Asia Pacific trade to the 1.2750s more recently. The move is being driven by a weakening of the US dollar as opposed to strength in the loonie; CAD currently sits close to the middle of the G10 FX performance table, up around 0.5% on the day versus the buck. USD/CAD is nursing losses around 60 pips, with the bears eyeing a move back towards annual lows just under 1.2700, potentially before the year is out.