Australian Dollar Fundamental Bias Breakdown: Factors Shaping AUD/USD Direction
The Australian Dollar (AUD) is a currency influenced by various factors that shape its direction against the US Dollar (USD). To comprehend the fundamental bias of the AUD/USD exchange rate, it is crucial to analyze the interplay between monetary policy,…
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Critical Alert: Escalating Risk of US hard landing after Fed’s Uncompromising Rate Hikes, Cautioned by Cam Harvey
The odds of a US hard landing are on the rise, according to Campbell Harvey of Research Affiliates. The Federal Reserve's persistent battle against inflation through interest-rate increases has heightened the risk of a recession. The central bank's decision to…
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Turkish Lira Plummets as State Lenders Cease Currency Defense, New Finance Minister Faces Problems
The Turkish lira hit new lows against the U.S. dollar on Wednesday, triggering growing concerns about the country's economic stability. One of the factors contributing to the lira's decline is the report stating that state lenders have stopped selling dollars…
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Cryptocurrencies Face Renewed Pressure as Interest Rate Hikes and SEC Lawsuit Take a Toll
Cryptocurrencies, including Bitcoin, find themselves under renewed pressure as market dynamics shift, bringing potential challenges to the digital asset space. Bitcoin is currently trading near $26.4K, experiencing a 1.5% decline within the past 24 hours. This level has been a…
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Australian Dollar Rises on RBA’s Rate Hike, Awaits Fed’s Response
The Australian Dollar has recently gained some momentum, thanks to improving rate differentials. The Reserve Bank of Australia (RBA) has played its part by surprising the market with a 25 basis points hike in its cash rate target, pushing it…
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