15.08.2022
Chicago 12, Melborne City, USA
Business

Australian Dollar Falls on Thursday as Commodity Prices Sink

Despite the stock market regaining some level of stability, the Australian dollar, Kiwi, and Loonie currently exhibit notable weakness, as the AUD / USD falls to the 0.6870 area. This weakness comes as a commodity and energy prices drop amid recession fears, dragging the commodity-based currencies lower. Copper currently trades at its lowest level since […]

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Business

Sterling Weaker on Thursday as Market Focus Shifts to ECB Policy Announcement

Sterling weakened against the dollar in the London session on Thursday as the worsening economic outlook and political woes exerted pressure on the single currency. The market focus shifted to the European Central Bank (ECB) press conference later today. As of press time, GBP trades at 1.2540 after rebounding from the 1.2500 level earlier today. […]

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