Financial Trading
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After a mixed session on major markets yesterday, the selling pressure on the USD is resuming once more today. This is helping equity markets to continue their recovery.
The risk recovery of the past week is on pause this morning. Markets have turned cautious ahead of the two key risk events of the week, the ECB meeting and US Advance GDP.
A +0.25% rate hike by the RBA is being seen as a slightly dovish move. The prospect of an end in sight for tightening has weighed the AUD down.
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