Day: March 1, 2024

AUD/USD Stages Sharp Rebound from 0.6490, Eyes Key Data and Fed Signals

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AUD/USD has executed a dramatic V-shaped recovery from 0.6490, fueled by renewed expectations that the Federal Reserve (Fed) could initiate rate cuts as early as June. This bullish sentiment has pressured the US Dollar, though market action remains mixed, with S&P 500 futures down while riskier currencies gain ground. The US Dollar Index, currently at […]

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