The AUD/USD pair saw a decline to near 0.6735 during Friday’s European session, marking a 0.10% decrease on the day. Despite Reserve Bank of Australia’s (RBA) hawkish comments, the Australian Dollar failed to gain strength due to cautious market sentiment. The highlight of the day was the upcoming US Non-Farm Payrolls (NFP) report for August.
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China’s former central bank head, Yi Gang, emphasized the need for policymakers to prioritize boosting domestic demand during his speech at the Bund Summit in Shanghai. He highlighted the importance of combating deflationary pressures and improving domestic demand to address challenges such as the real estate market and local government debt issues. Yi emphasized the
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The GBP/USD pair has managed to stay above the 1.3100 mark, indicating that buyers are currently in control of the market. This is further confirmed by the Relative Strength Index (RSI), which is showing that the buyers are gaining momentum. The pair is now eyeing the 1.3200 resistance level, with the potential to challenge the
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Visa has announced its plan to revolutionize the way people make payments by launching a dedicated service for bank transfers. This service will bypass credit cards and the traditional direct debit process, providing users with a more convenient and secure way to handle their transactions. With the increasing demand for digital payment solutions, Visa’s move
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The USD/JPY pair has experienced a slight uptick, reaching 145.95 recently. While this increase is a rebound from a two-week low, the current economic environment does not necessarily point towards a significant trend reversal. The upcoming US employment data for August is highly anticipated, with market participants anxiously awaiting its release. The figures are expected
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