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AUD/USD, AUD/CAD Analysis: Hawkish BOC hike concerns doves
And if the BOC could hike further, so could other central banks. And those concerns were enough to weigh on gold and drag tech sharply lower from their highs. USD/CAD fell to a 4-week low but recouped around half the days earlier losses, with traders keep an eye on two cycle lows above the 1.33 handle. CAD/JPY extended its bullish trend in line with yesterday’s bias and bulls are now considering a break above the 105 handle. A firmer US dollar and weak GDP report for Australian also weakened the AUD/USD which snapped a 5-day rally. Weak GDP reports also weighed on AUD/USD: chart GDP rose just 0.2% q/q, down from ... (full story)
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- Jun 8, 2023 8:06am Jun 8, 2023 8:06am
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samdani786 - | Commercial Member | Joined Feb 2008 | 196 Comments
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- Posted: Jun 8, 2023 1:02am
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 1,151
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