Market Update: Dollar Struggles After PMI Hangover, Aussie Jumps on Inflation Surprise
Key Takeaways: 💵 The dollar experienced significant losses against the euro and sterling, but the yen remained near 34-year lows despite intervention warnings. 📈 The Australian dollar strengthened due to hotter-than-expected local consumer price data, eliminating the possibility of RBA rate cuts. 🌍 European activity data showed robust growth, impacting the performance of the euro … Read more