The pair remains in a short-term uptrend amid a strong recovery in the global economy this year, which will contribute to the growth of demand for commodity and commodity assets. In this situation, high-yielding currencies, as well as the Australian dollar, will receive support.
Technical side:
The price is …
Wednesday, February 24th, today’s news—European markets rise on upbeat German data, exports and construction activity are up, economic growth beats forecasts. The Fed's chairman Jerome Powell said the low rates are here to stay, the central bank will continue to buy government bonds, oil is down on the rising stockpiles …
The Australian dollar fluctuated in a narrow range sloping upward during the Asian session, to witness its highest since February 16, 2018 against its US counterpart, following the developments and economic data that they followed on the Australian economy and on the cusp of economic developments and data expected today, …
Don't have your language?
