The Australian dollar (AUD) surrendered its two-month high following the Reserve Bank of Australia’s (RBA) surprise interest rate cut, sending the currency lower against major global peers. The rate cut, aimed at stimulating economic growth and addressing subdued inflationary pressures, has led to shifts in investor sentiment, triggering a pullback in the Aussie’s recent rally.
The Euro has recently surged to a two-week high, driven by optimistic economic indicators and improved market sentiment. Investors have responded positively to recent reports indicating resilience in the European economy, which has boosted confidence in the single currency. As a result, the Euro has strengthened against major currencies, signaling that the region’s recovery is
The US dollar took a downturn, sliding into negative territory as investors braced for the release of critical inflation data that could shape the Federal Reserve’s next monetary policy moves. Market sentiment shifted cautiously, with traders pulling back from bullish positions amid uncertainty about the inflation trajectory and its potential impact on interest rates. The