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The greenback held on to losses after U.S. data showed U.S. consumer spending increased in August, but underlying inflation moderated, with the year-on-year rise in prices excluding food and energy slowing to less than 4.0%.
The Reserve Bank of Australia’s minutes of the March meeting revealed discussions on a pause in interest rates to be discussed in April. AUD/USD trades lower
Investors focus on US GDP growth estimates
Summary: Fed Chair Jerome Powell stated that the Federal Reserve should be able to raise interest rates without damaging the job market in hearings before the US Senate.
UK coronavirus variant on course 'to sweep the world,' leading scientist says A variant of the coronavirus that first emerged in the U.K. could become the dominant form worldwide, the head of the U.K.'s virus surveillance program says. AstraZeneca sales rise 10% in 2020, drugmaker sees revenue growth ahead AstraZeneca has featured prominently in 2020 because of its coronavirus vaccine, although it has said will not profit from the inoculations during the pandemic. Everyone and their (female) pet rabbit was excitedly anticipating the Bumble IPO today and while it opened up 77% from its I...