Month: September 2021

AUD/USD pressured as the US dollar picks up a safe haven bid.  Wall Street’s benchmarks soured on concerns for global growth and coronavirus.  US CPI and Australia Employment data will be the week’s focus on the calendar.  AUD/USD was ending Friday offered, losing nearly 0.2% after falling from a high of 0.7409 and reaching a
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U.S. businesses are experiencing escalating inflation that is being aggravated by a shortage of goods and likely will be passed onto consumers in many areas, the Federal Reserve reported Wednesday. In its periodic “Beige Book” look at the nation’s economic picture, the central bank also reported that growth overall had “downshifted slightly to a moderate
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Commodity currencies are trading generally lower in Asia today, with pull back in Japanese stocks in the background. Canadian Dollar is also soft after BoC’s rate decision overnight. Dollar, Yen and Swiss Franc are trading mildly firmer, extending this week’s rebound. Euro is following closely, but momentum is starting to diminish, as focus turns to
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
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