Here is what you need to know on Tuesday, October 3: Following a quiet start to the new week, the US Dollar (USD) benefited from surging US Treasury b
Following a quiet start to the new week, the US Dollar benefited from surging US Treasury bond yields in the American session on Monday. Thetouched its highest level since November above 107.00 and went into a consolidation phase early Tuesday. Later in the session, August JOLTS Job Openings data will be featured in theThe table below shows the percentage change of US Dollar against listed major currencies this week. US Dollar was the strongest against the Australian Dollar.
During the Asian trading hours, the Reserve Bank of Australia announced that it left the policy rate unchanged at 4.1% as expected. In the policy statement, the RBA repeated that some further tightening of the monetary policy may be required.came under renewed bearish pressure following the RBA's inaction and declined toward 0.6300, touching its lowest level in nearly a year in the process.fell to a new 2023-low below 1.
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The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.EUR/USD rose toward 1.0500 in the European morning on Monday but struggled to gather bullish momentum. The cautious market stance makes it difficult for the pair to continue to stretch higher as investors await mid-tier data releases from the US.Following a short-lasting recovery attempt to the 1.
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