(VIANEWS) – AUD/USD (AUDUSD) has been up by 2.48% for the last 10 sessions. At 03:06 EST on Tuesday, 15 October, AUD/USD (AUDUSD) is $0.67.
AUD/USD’s yearly highs and lows, it’s 7.079% up from its 52-week low and 5.302% down from its 52-week high.
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- Eur/usd falls toward 1.0900 due to dovish sentiment surrounding the ECB. According to FXStreet on Monday, 14 October, "On the geopolitical front, escalating tensions in the Middle East have sparked concerns of a broader regional conflict, strengthening the safe-haven US Dollar and putting pressure on the risk-sensitive EUR/USD pair. ", "The decline of the EUR/USD pair could also be linked to a stronger US Dollar (USD), fueled by expectations that the US Federal Reserve (Fed) will slow the pace of borrowing cost reductions more than previously anticipated."
- Eur/usd extends downside below 1.0950 amid stronger US dollar. According to FXStreet on Monday, 14 October, "The EUR/USD pair extends the decline to near 1.0920 during the early Asian session on Monday. "
- According to FXStreet on Monday, 14 October, "In the bigger picture, we see EUR/USD trading just above the middle of a 1.0550-1.1150 two-year trading range. ", "If anything, there is a slight risk that the ECB under-delivers on the easing cycle, and we do not expect the two-year EUR:USD swap differential to widen much further from here; we would not chase EUR/USD sub 1.0900 from this point unless, for instance, we saw a sharp spike in oil prices."
- Eur/usd remains depressed below 1.0900, lowest since August 8 amid stronger USD. According to FXStreet on Tuesday, 15 October, "This, in turn, undermines the shared currency, which, along with a bullish US Dollar (USD), turns out to be a key factor weighing on the EUR/USD pair.", "Moreover, geopolitical risks benefit the safe-haven buck and support prospects for a further depreciating move for the EUR/USD pair."
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