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The noticeable resumption of the selling bias around the Aussie dollar prompted AUS/USD to leave behind a two-day recovery and remain under pressure in the sub-0.6600 zone at the beginning of a new trading week.
The Pound Sterling (GBP) falls sharply as the United Kingdom Office of National Statistics (ONS) reports downbeat Retail Sales data for December.
- Gold managed to bounce off multi-week lows near $2,000. - Further consolidation seems the name of the game so far.
While Fed and ECB officials pushed back expectations of interest rate cuts for later than anticipated amidst strong data and the rebound in inflation, the upcoming week is also expected to maintain the centre of the debate around central banks.
The Euro picks up as risk aversion eases, although the broader bearish trend remains intact.