FXstreet.com (New York) – The AUD/USD foreign exchange rate has once again rapidly ascended during US trading, having rallied off the 0.9230 level in recent minutes.
According to Lee McDarby, Corporate Treasury at Investec, “In an encouraging move for UK importers the Bank of England and its Chinese counterpart have signed a deal likely to boost trade between the UK and China in the Yuan.”.
Global equity markets plummeted this week after US Federal Reserve chairman Ben Bernanke announced the US economy was recovering enough for it to begin tapering off its stimulus program of quantitative easing before the end of the year.
This revival of risk-appetite based correlations suggests a current of eroding sentiment. Yet, does this broad volatility have the necessary elements to send EURUSD back
The dollar extended Thursday’s gains into Friday as markets try to decide how to price earlier QE tapering talk.
FXstreet.com (San Francisco) – The Greenback extended on Friday its weekly gains as investors were digesting Fed words on QE tapering. Against its major competitors the USD was the winner the last day of the week, except the Aussie, which AUD/USD seems to have found floor. The EUR/USD fell to test the 1.3100 level as […]