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Editors’ Picks
AUD/USD remains compelled advance 0.6500 amid risk-aversion
AUD/USD is trading beneath tension spherical 0.6500 early Monday. Escalating geopolitical tensions and soft China’s PMI are supporting the US Dollar after Friday’s stellar US NFP story. Fed Chair Powell dismisses a March charge reduce whereas the Aussie ignores solid Australian switch info.
AUD/USD News
Gold traders handle hopeful whereas above $2,030
Gold label is licking its wounds above $2,030 within the Asian trading hours on Monday, having corrected sharply from month-to-month highs on Friday. The US Dollar stays supported alongside the US Treasury bond yields, following the blowout US NFP story and Fed Chair Jerome Powell’s interview.
Gold News
The “60 minutes” stroll help
The Federal Reserve’s charge-setters relieve their outlook for spherical three quarter-point charge cuts this one year, based mostly on Jay Powell, the Fed chair, in an interview aired on Sunday.
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