AUDUSD: Retracing Friday's decline
The majority of Asian currencies saw minimal movement on Friday as markets declined ahead of several significant central bank meetings that take place the following week. The Japanese yen, on the other hand, modestly increased on robust inflation data but stayed unchanged. close to a yearly low.
Despite holding onto the majority of this week's gains, the dollar index and dollar index futures saw minimal movement during Asian trading. After somewhat declining in overnight trading, Treasury rates likewise steadied and stayed within a range of multi-year highs. The US economy expanded faster than anticipated in the third quarter, according to data released overnight, which helped to elevate investor mood.
Despite holding onto the majority of this week's gains, the dollar index and dollar index futures saw minimal movement during Asian trading. After somewhat declining in overnight trading, Treasury rates likewise steadied and stayed within a range of multi-year highs. The US economy expanded faster than anticipated in the third quarter, according to data released overnight, which helped to elevate investor mood.
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