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The Euro consolidated today after the US Dollar reclaimed the ascendency overnight as Treasury yields maintain lofty levels. The ECB is hawkish. Will it boost EUR/USD?
The Australian Dollar appears vulnerable on Monday ahead of the RBA Governor’s questioning by Federal politicians as the consequences of loose policy cause friction. Lower AUD/USD?
The Australian Dollar steadied during the week despite the RBA hiking rates and the trade surplus continuing to fill the coffers of exporters and the government. Will AUD/USD go higher?
The Crude oil price maintained overnight gains after the US Dollar slid on the interpretation that Fed Chair Powell wasn’t hawkish enough. Inventory data and supply chains also lifted WTI.
The US Dollar gave up some ground today after reclaiming the ascendency with the Federal Reserve picking up the hawkish message ahead of Powell’s speech today. Where to for DXY (USD) Index?