Aussie bounces, ECB likely to stick
Thursday 7tth March 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe Aussie dollar has led the major sin currency gains today. NAB’s Skye Masters says it follows a fall n the US dollar, with the DXY at its lowest level in over a month. The rise in the Aussie happened despite a lacklustre GDP report for Australia, although the results won’t change the dial on RBA timings. The BoC kept rates on hold and gave no timing on when cuts will happen. The message everywhere – including in Powell’s testimony to the House Financial Services Committee –…
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