EUR/USD hovers around 1.0700, eyes on US first-quarter GDP data on Nostr: Australian Dollar extends gains due to improved risk appetite =============== ...

Australian Dollar extends gains due to improved risk appetite
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#acbb1c95 ver:0.71

The Australian Dollar (AUD) extends gains as risk appetite improves, rising to 0.6585 against the US Dollar (USD). The AUD/USD pair has been slowly recovering despite the Federal Reserve's delay in cutting interest rates. Inflation remains high, leading to expectations of an RBA rate hike. However, weaker domestic data and a stronger USD have put pressure on the AUD. Traders are now awaiting US labor market data and the FOMC press conference for further direction. Technical analysis suggests the AUD/USD pair may challenge the upper boundary of a symmetrical triangle pattern. #AUD #USD #riskappetite #inflation #RBA #FOMC...

#newstr #Aud/usd #UsDollar #FederalReserve #InterestRates #PceInflation #UsEconomy #RbaRateHike #ConsumerConfidence #AustralianDollar #ChinesePmis #NonfarmPayrolls #UsLaborMarket #FomcDecision #TradeBalance #BuildingPermits #MarketSentiment

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