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Dollar Recovers ahead of Job Data, But More Downside Still in Favor | Action Forex

>> GBP/AUD Data: 1975-Present >> Best Exchange Rate Finder >> AUD X-Rate Converter. It would appear that any recovery in the Aussie’s prospects against the usd simultaneously favour a recovery in the GBP-AUD. We are yet to be convinced at this stage but do not rule out such a swing in favour.

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The New Zealand Dollar (NZD) declined 0.2% after employment data for the second quarter was released by Statistics New Zealand. After the immediate decline that followed the news nzd/usd quickly bounced back before the pair transitioned to more significant lows below 0.6500.

AUD – Australian Dollar CAD – Canadian Dollar CHF – Swiss Franc CNY – Chinese Yuan Renminbi DKK – Danish Krone EUR – Euro GBP – British Pound HKD – Hong Kong Dollar HUF – Hungarian Forint INR – indian rupee jpy – Japanese Yen MXN – Mexican Peso MYR – Malaysian Ringgit NOK.

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Dollar (often represented by the dollar sign $) is the name of more than 20 currencies, including those of Australia, Canada, Hong Kong, Jamaica, Liberia, Namibia, New Zealand, Singapore, Taiwan.

Dollar is trading as the weakest major currency for the week. Dovish comments from Fed officials are weighing on the greenback. Also stocks and yield played catch up after holding and suffered notable.

Thinner market due to Japan’s holiday, also contributed to the action The USDJPY pair opened with big gap. conversely, filling today’s gap would sideline downside risk and open way for further.

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