Day: March 7, 2024

AUD/USD Surges Above 0.6600 on Fed Rate Cut Expectations

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The Australian Dollar (AUD) rallies against the US Dollar (USD) as market focus shifts to potential Fed rate cuts. Fed Chair Powell reiterated the possibility of cuts this year, though emphasized dependence on inflation data. US economic releases signal a slowing labor market, with rising jobless claims and a widening trade deficit. This further supports […]

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