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Growing USD Ends at Punished AUZ, NZD & GBP
Abstract：On Wednesday, U.S. stocks grew at the expense of the haven-associated USD, curbing its gains and punishing AUZ, NZD & GBP at the same time.
WikiFX News (13 Aug)- On Wednesday, U.S. stocks grew at the expense of the haven-associated USD, curbing its gains and punishing AUZ, NZD & GBP at the same time.
Among the currencies, NZD was still reeling from the RBNZ (Reserve Bank of New Zealand) rate decision for August while GBP also suffered and became the biggest loser in the aftermath of U.K. latest GDP data which showed a jaw-dropping figure
On Thursday, Asia-Pacific stock markets may rise as part of a sentimental echo effect after Wall Street trade. Accordingly, USD and JPY are possible to further retreat but turn around NZD's setback and put premium on AUD. Furthermore, AUD will be partly affected by the countrys jobs data for July.
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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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