Forex Today: Markets remain cautious despite easing of Covid curbs in China, eyes on BOC – by eren_fxstreet Currencies Majors BOC Commodities Macroeconomics
Choppy market action continues mid-week as investors refrain from taking large positions ahead of next week's highly-anticipated central bank meetings. Investors remain cautious despite China's decision to move away from the zero-Covid policy and the US Dollar preserves its strength against its risk-sensitive rivals. The European economic docket will feature the third-quarter Gross Domestic Product.
Australian Bureau of Statistics reported during the Asian trading hours that the Australian GDP grew at an annual rate of 5.9% in the third quarter, falling short of the market expectation of 6.3%.price closed virtually unchanged at around $1,770 on Tuesday as the retreating US Treasury bond yields helped XAU/USD hold its ground despite the US Dollar strength. The pair continues to fluctuate in a narrow range near $1,770 early Wednesday.
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