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Australian Dollar drops to one-week low as USD remains strong

AUD/USD Price Outlook: Remains around 0.7200 as USD maintains strength before US CPI

The AUD/USD pair has faced significant selling pressure for a second consecutive day, breaking above the 0.7200 mark and reaching its lowest point in almost a week during early European trading. Currently, the spot price is around 0.7160, reflecting a drop of 0.85% for the day, and it appears set to close the week on […]

GBP/JPY Price Prediction: Surpasses 50-day SMA but remains stable under 214.00

GBP/JPY falls to the mid-215.00s as BoE decision restricts decline.

GBP/JPY Trading Overview On Wednesday, GBP/JPY held around 213.50, experiencing a slight uptick of 0.04%, which kept it relatively stable as the yen underperformed against most G10 currencies. The inability of sellers to drive the pair below the 50-day simple moving average (SMA) at 213.16 seemed to pave the way for a rebound, with buyers […]

Australian Dollar remains stable following unexpected rise in US PPI

Australian Dollar stabilizes after China's Services PMI report

The AUD/USD pair is holding steady around the 0.7250 mark, especially after an unexpected uptick in the US Producer Price Index (PPI) for April. In a separate context, President Trump has issued a warning to Iran just before his upcoming meeting with President Xi Jinping of China. Trump asserted that Iran needs to come to […]