EncoreFX’s daily market updates are written by our experienced and professional dealing team.
Author: Dennis Li
Comments from Fed Chairman Powell stating the US economy being ‘remarkably positive’ was backed up by strong economic data. This saw the Aussie fall by 1.21% overnight, to be near 2018 lows against the USD. AUDEUR dropped by 0.58% following Italy’s announcement to cut its budget deficit targets and reduce its debt over the next three years.
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