SYFX

Why the reaction in the FX market today has been tentative

March 01, 2021 at 05:17PM

It comes back to the Fed
The biggest move in the FX market today is the Australian dollar, which is up 69 pips to 0.7776. Normally that’s a good move but in comparison to the 300 pip nosedive from Thursday’s high above 0.8000, it’s a blip.

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