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The AUD in April 2022
Sentiment toward the AUD went from hero to zero in April. The month’s high of 0.7661 came on 6 April, shortly after the RBA had dropped the word ‘patient’ from its post-meeting Statement and indicated support for a first rate rise in ‘coming months’ – interpreted at the time to mean June was more likely than May, following publication of both Q1 CPI and wages data. These early month gains extended the late March AUD rally driven in large part on misplaced hopes for an early cessation of fighting in Ukraine and peace agreement. From April 6 onwards, it was most mostly uninterrupted traffic downwards for ... (full story)
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- May 2, 2022 9:44pm May 2, 2022 9:44pm
- blaseit28
- | Joined Mar 2021 | Status: realist | 215 Comments
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- NotAtrader
- Joined Oct 2016 | Status: NotAtrader, A Money Machine. | 3545 Comments
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
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