EncoreFX’s daily market updates are written by our experienced and professional dealing team.
Author: Dennis Li
With the markets taking the turmoil in Australian politics in its stride, the Aussie continued its winning streak gaining another 0.41% against the USD. The sell-off of the greenback continued through Tuesday after US President Trump’s criticism of the Fed for raising interest rates. The USD decline has seen a retreat on the cross rates with the AUD/EUR and AUD/GBP pulling back from recent highs.
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