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AUD/USD plummets to fresh four-month lows below 0.6400
The US Dollar strengthened ahead of the weekly close on the back of mixed data. The Reserve Bank of Australia will announce its decision on monetary policy next week. AUD/USD fell to its lowest since August, maintaining the bearish pressure. The US Dollar (USD) soared in the last trading session of the week, with the AUD/USD pair falling towards 0.6380, a level last seen in August. Without data releases in Australia, the market focused on the United States (US) macroeconomic developments. Mixed employment figures initially weighed on the USD, but a better-than-anticipated preliminary estimate of the US Consumer Sentiment Index...
Trump expected to name new SEC chair “as soon as tomorrow”
Paul Atkins leads the betting odds with a 70% likelihood of taking the SEC chair position. Photo: Al Drago / Bloomberg Key Takeaways Paul Atkins is the leading candidate for the new SEC Chair position with a 70% probability. Current SEC Chair, Gary Gensler, has focused on increased crypto oversight. President-elect Donald Trump’s transition team is weighing in on a number of SEC Chair candidates and may reveal their choice “as soon as tomorrow,” according to FOX Business journalist Eleanor Terrett, citing sources with knowledge of the matter. Who will be Trump’s SEC chair, according to Kalshi? Traders on Kalshi...
Yen snaps five-day gain, weakens versus dollar in choppy trading
The currency then clawed back much of the intraday loss amid choppy trading and was down 0.6% at 145.02 as of 9:58 a.m. in Tokyo. By Bloomberg August 6, 2024, 7:57:11 AM IST (Published) The yen weakened more than 1% against the dollar on Tuesday morning, halting a five-day surge that gathered pace when the Bank of Japan hiked interest rates last week. Top Gainers Top Losers Most Active Price Shockers Volume Shockers Company Value Change %Change The currency then clawed back much of the intraday loss amid choppy trading and was down 0.6% at 145.02 as of 9:58 a.m....
