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Aussie remains buoyed by China boost so far today

Both the aussie and kiwi are leading gains in the major currencies space, with the dollar keeping slightly on the softer side as we get into European trading. China's intervention to defend the yuan today is a notable one that has helped with the risk mood, and mostly benefiting the antipodean currencies as such.That is making the AUD/USD technical picture a little messy I would say. The pair had looked like it was on for a break below its 100 (red line) and 200-day (blue line) moving averages i... Read More

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Aussie

Remains

Buoyed

China

Boost

Today

Forex

Posted: Jun 27 2023, 07:20

Author Name: forexlive

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