Analyzes

Something is moving around the Australian Dollar for the first time in years.

Amazon has come under pressure following a $200 billion capital expenditure announcement during the recent earnings call, as traders chose to punish the cash burn. However, things seem to be changing.

India is the world’s fastest-growing major economy. That alone should be enough for investors to support the currency. So what is holding back the Rupee?

After fluctuating in a relatively wide range at the beginning of the week, EUR/USD edged lower on Tuesday but managed to find support. The pair was last seen trading moderatly higher on the day, at around 1.1800.

The EUR/USD exchange rate remained in a tight range at the key support level at 1.1800 after the US released key macro data. It has slipped substantially from the year-to-date of 1.2095.

Gold is gathering pace to regain the $5,200 level early Wednesday, as buyers fight back control amid a broadly weaker US Dollar (USD) and looming trade and geopolitical risks.