Today's Forex news: The Reserve Bank of Australia unexpectedly raised its Cash Rate by 0.25% citing persistently high inflation
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AUD/USD soars above 0.6680 as RBA surprisingly elevates interest rate by 25 bps to 3.85%The AUD/USD pair has climbed swiftly above 0.6680 as the Reserve Bank of Australia (RBA) has hiked interest rates surprisingly by 25 basis points (bps
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GBP/USD eyes 1.2600 despite consistent US consumer spending support Fed rate hikeThe GBP/USD pair is aiming to claim the round-level resistance of 1.2600 in the Asian session. The Cable has corrected marginally after failing to sus
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Oil prices slide on Fed rate hike expectations, weaker China factory activity dataOil prices fell as jitters over the prospect of the Fed raising interest rates combined with weaker Chinese manufacturing data to erase earlier gains.
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Oil prices dip on U.S. rate hike expectations, weak China PMIOil prices fell on Monday as jitters over the prospect of the U.S. Federal Reserve raising interest rates, which could slow growth and hit fuel demand, and worries about weaker Chinese manufacturing data combined to erase earlier gains.
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EUR/USD gauges cushion around 1.1000 as investors anticipate bumper rate hike from ECBThe EUR/USD pair has found an intermediate cushion after a steep correction to near the psychological support of 1.1000. The major currency pair is de
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Oil drops as US rate hike concern, weak China data offset OPEC+ cutsOil fell on Monday as concern over the economic impact of the U.S. Federal Reserve potentially raising interest rates and weaker Chinese manufacturing data outweighed support from new OPEC+ supply cuts taking effect this month.
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