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Here are 4 reasons why the US dollar is very strong

Past performance is not indicative of future results. Trading forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial advisor if you have any doubts.

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Editors’ Picks

EUR/USD posts modest gains below the mid-1.0800, US ISM PMI eyed

EUR/USD posts modest gains below the mid-1.0800, US ISM PMI eyed

The EUR/USD pair snaps the four-day losing steaks during the Asian trading hours on Tuesday. That being said, the renewed US Dollar lends some support to the pair. The major pair trades around 1.0840, gaining 0.05% for the day.

EUR/USD News

GBP/USD closes in on 1.2600 as mood sours

GBP/USD closes in on 1.2600 as mood sours

GBP/USD stays on the back foot and trades near 1.2600 in the American session. The US Dollar continues to find demand as a safe haven and weighs on the pair while major equity indexes in the US push lower after the opening bell.

GBP/USD News

USD/JPY: Japanese Yen remains on the defensive against USD

USD/JPY: Japanese Yen remains on the defensive against USD

The Japanese Yen ticks lower against the USD following the release of a softer Tokyo CPI report. Expectations for an imminent BoJ policy shift and a softer risk tone help limit losses for the JPY. Fed rate cut bets keep the USD bulls on the defensive and act as a headwind for the USD/JPY pair.

USD/JPY News

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AUD/USD defends 0.6600 after strong China's PMI, RBA in focus

AUD/USD defends 0.6600 after strong China's PMI, RBA in focus

AUD/USD is defending 0.6600 after China's Caixin General Services PMI beat estimates with 51.5 in November. Investors await the Reserve Bank of Australia policy decision on Tuesday. The RBA is set to hold the interest rate at 4.35% amid cooling inflation. 

AUD/USD News

EUR/USD posts modest gains below the mid-1.0800, US ISM PMI eyed

EUR/USD posts modest gains below the mid-1.0800, US ISM PMI eyed

The EUR/USD pair snaps the four-day losing steaks during the Asian trading hours on Tuesday. That being said, the renewed US Dollar lends some support to the pair. The major pair trades around 1.0840, gaining 0.05% for the day.

EUR/USD News

Gold hovers around $2,030, US Services PMI eyed

Gold hovers around $2,030, US Services PMI eyed

Gold edges lower to $2,030 during the early Asian session on Tuesday. Meanwhile, the US Dollar Index rose to 103.60 and the Treasury yields edge higher, with the 10-year yield recovering from 4.24% to 4.32%. XAU/USD price is trading around $2,030, up 0.12% on the day.

Gold News

Nayib Bukele demands apologies as Bitcoin grows bigger than Visa, Tesla and Bank of America

Nayib Bukele demands apologies as Bitcoin grows bigger than Visa, Tesla and Bank of America

Bitcoin price noted stellar growth this past year, rising by more than 150% and hitting $42,000 in the past 24 hours. This growth has made Bitcoin the tenth biggest asset in the entire world, imbuing confidence in BTC enthusiasts, including the president of El Salvador, which is evidenced by his recent tweet.

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RBA Interest Rate Decision Preview: Hold expected as central bank could leave door ajar for more hikes ahead

RBA Interest Rate Decision Preview: Hold expected as central bank could leave door ajar for more hikes ahead

The Reserve Bank of Australia is set to pause its tightening cycle once again, leaving the Official Cash Rate (OCR) unchanged at a 12-year high of 4.35% following the conclusion of its December monetary policy meeting on Tuesday. The decision will be announced at 03:30 GMT.

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