Is the Australian Dollar Signaling a Resumption of the US Dollar’s Advance?
The US dollar strengthened following the midterm election and the Federal Reserve’s signal that it intends to continue gradually hiking interest rate. The Antipodean currencies have been the strongest over the past month and the past week. The New Zealand dollar gained 1.6% to lead the majors higher over the past week, which brings to a 4.3% …
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