Australian Dollar: USD/AUD (AUD=X) faces losses over coming days

Australian Dollar: USD/AUD (AUD=X) faces losses over coming days The Australian Dollar crept higher against many rivals in the morning session Thursday but is being tipped as vulnerable to fresh losses over the coming days, with strategists at Westpac saying the market is unprepared for a likely Reserve Bank of Australia (RBA) interest rate cut next week.  Reserve Bank of Australia Governor…

British Pound: USD/GBP (GBP=X) Shows Nerves after Johnson Won’t Commit to Asking for Brexit Extension

British Pound: USD/GBP (GBP=X) Shows Nerves after Johnson Won’t Commit to Asking for Brexit Extension The return of Parliament has coincided with a fresh bout of selling in the British Pound, with markets finding little by way of progress towards a resolution to the current Brexit impasse. If anything, risks of a notable decline in…

Canadian Dollar: USD/CAD (CAD=X) possibility that today’s U.S. GDP release would shake up the pair

Canadian Dollar: USD/CAD (CAD=X) possibility that today’s U.S. GDP release would shake up the pair With no Canadian releases on the schedule, there was a possibility that today’s U.S. GDP release would shake up the lethargic Canadian currency. However, that did not happen as the third estimate release showed growth of 2.0%, which merely confirmed…