A better-than-expected Eurozone GDP would only accentuate bullish pressures and allow a sustained rally to 1.16 and above. The EUR/USD pair clocked a 20-day high of 1.1508 in Asia and could soon test monthly highs near 1.1570, courtesy of the dovish Fed.
The GBP/USD pair is on a steady rise so far this Thursday and looks to test the post-FOMC highs at 1.3146, having paused its overnight retreat just ahead of the 1.3100 level. Read more
Bill Evans, chief economist at Westpac, suggests that while ongoing trade tensions will unnerve markets, it seems unlikely that the Chinese authorities will be prepared to make ... Read more
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