News
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Australian Dollar advances despite lower-than-expected monthly Consumer Price Index
The Australian Dollar (AUD) halts its three-day losing streak on Wednesday as the US Dollar (USD) remains subdued amid bond market optimism. Additionally, the Reserve Bank of Australia's (RBA) hawkish outlook on future interest rate decisions provides support for the AUD.
Fxstreet
Wed, Nov 27
AUD/NZD dives to one-week low, around 1.1030 after RNBZ’s expected 50 bps rate cut
The AUD/NZD cross attracts heavy selling after the Reserve Bank of New Zealand (RBNZ) announced its policy decision and dives to a one-week low, around the 1.1030 region during the Asian session on Wednesday.
Fxstreet
Wed, Nov 27
USD/CAD drifts lower to near 1.4050, potential downside seems limited amid Trump tariff threat
The USD/CAD pair trades with mild losses around 1.4055 during the early Asian session on Wednesday. The Canadian Dollar (CAD) recovers some lost ground after reaching a 55-month low due to US President-elect Donald Trump vowing tariffs on Mexico and Canada and extra tariffs on China.Fxstreet
Wed, Nov 27
EUR/USD flattens near 1.05 in the run-up to EU inflation figures
EUR/USD cycled the 1.0500 handle on Tuesday, with Fiber price action drifting into the near-term middle ground as directional momentum drains out of the pair. The economic calendar is an overall thin affair this week, with the US Thanksgiving holiday on Thursday trimming late-week market momentum.Fxstreet
Wed, Nov 27
GBP/USD Price Forecast: Recovers after diving to 1.2500 on Trump’s remarks
The Pound Sterling recovered some ground following remarks of US President-Elect Donald Trump late on Monday afternoon, in which he said that once he takes office on January 20, he would impose 25% tariffs on Canada and Mexico and 10% on all Chinese products.Fxstreet
Tue, Nov 26
