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AUD/USD Presses 3-Month Highs on the Eve of Trump-Xi Meeting on Trade

November 30, 2018 5:07 PM
Of all the major currencies, the Australian dollar is perhaps the most sensitive to trends in global trade. The country’s commodity-centric economy and close ties with China mean that any slowdown in international business may be seen Down Under first.

AUD/USD: Does the Big Intraday Reversal Indicate a Near-Term Bottom?

October 26, 2018 7:41 PM
This morning’s US session started much in the same way as some of the previous days this week: with US stock indices opening deeply in the red. After a bounce back yesterday, risk sentiment was hurt by disappointing earnings reports from tech giants Amazon and Alphabet, and by 11:00 ET (15:00 GMT), the widely-watched Dow Jones Industrial Average was...

AUD/USD Showing Signs of a Potential Near-Term Top

September 27, 2018 6:59 PM
As my colleague Fawad Razaqzada noted earlier today, the US dollar has caught a bid today after traders reevaluated yesterday’s FOMC meeting and deemed it moderately hawkish.