18.09.2024 01:07 PM
Amid moderate U.S. dollar weakness, the AUD/USD pair is gaining positive momentum for the third consecutive day, marking five days of gains in the past six.This momentum is fueled by renewed U.S. dollar selling, which is constrained by dovish expectations surrounding the Federal Reserve.In fact, markets are pricing in the possibility of a larger Fed rate cut of 50 basis points at the conclusion of the two-day monetary policy meeting that takes place today. The expectation of a Fed rate
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