The Australian dollar has been all over the charts —and it’s only Tuesday!
In case you missed it, the commodity currency started the week by reacting to last week’s Fed rate cut. More recently, it’s getting a boost from the People’s Bank of China (PBOC) as they work to stimulate the world’s second-largest economy.
Meanwhile, the British pound has pulled back after weaker-than-expected September PMI reports took some of the shine off last week’s “hawkish hold” from the Bank of England.
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