Are stablecoins a game changer for RMB internationalization?
Are stablecoins a game changer for RMB internationalization?
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AUD/USD trades with mild gains above 0.6650, all eyes on US NFP data
AUD/USD posts modest gains around 0.6670 in Friday’s early Asian session. The softer US employment data this week triggered the Fed rate cut expectation in September. RBA’s Bullock said the central bank won’t hesitate to hike again if inflation remains sticky. The AUD/USD pair trades with mild gains near 0.6670 on Friday during the early…
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Kelvin Wong Senior Market Analyst Based in Singapore, Kelvin Wong is a well-established senior global macro strategist with over 15 years of experience trading and providing market research on foreign exchange, stock markets, and commodities. Passionate about connecting the dots in the financial markets and sharing perspectives around trading and investment, Kelvin Wong is an…
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FOMC expectedly holds rates steady. Oil surges to a 4-month high
On Wednesday, the US stock indices traded mixed. By the end of the day, the Dow Jones (US30) rose by 0.03%, while the S&P 500 (US500) edged down by 0.01%. The tech-heavy Nasdaq (US100) closed higher by 0.32%. Investors adopted a wait-and-see approach ahead of major tech earnings and the anticipated Fed decision to maintain…
AUD/USD Forecast: Aussie Gains as RBAStrikes Upbeat Tone – Forex Crunch
The AUD/USD forecast shows a rebound in the Australian dollar after the RBA governor’s speech. RBA’s Bullock said that Australia’s economy was in a good place. The dollar was steady as traders looked forward to Fed speeches this week. The AUD/USD forecast shows a rebound in the Australian dollar after RBA governor Bullock said the…
