EUR/USD now seems to have woken up, attempting to leave behind the multi-day consolidative theme and prompting bulls to regain the upper hand in a context of renewed weakness hurting the US Dollar (USD).
AUD/USD seems to have finally left behind the recent inconclusive price action, setting sail to the area of YTD peaks north of 0.7100 the figure. The Aussie’s bullish view remains underpinned by elevated inflation in Oz coupled with the hawkish stance from the Reserve Bank of Australia (RBA).
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.