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A couple of light releases coming up in European trading today
The Australian dollar is in the spotlight today as it gains after a stronger-than-expected inflation report here. That is prompting calls for a 25 bps rate hike by the RBA next month, with the rates market pricing in ~62% odds of that now. That being said, AUD/USD is still caught in a downwards channel for now and will need more from buyers to convince of a stronger rebound:Besides that, the dollar continues to sit in a relatively decent spot. USD/JPY is still hovering just below the 150.00 mark...
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Posted: Oct 25 2023, 05:02
Author Name: forexlive
Views: 112510