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AUD/USD declines towards 0.6700 amid weak Aussie Retail Sales and China’s Covid protests

AUD/USD declines towards 0.6700 amid weak Aussie Retail Sales and China’s Covid protests

The AUD/USD pair has not responded well to the downbeat monthly Retail Sales data as reported by the Australian Bureau of Statistics. The economic data has landed in negative territory at 0.2% vs. consensus of 0.4% growth and the prior release of 0.6%.

AUDUSD News

EUR/USD retreats towards 1.0350 amid risk aversion ahead of EU inflation, Fed’s Powell

EUR/USD retreats towards 1.0350 amid risk aversion ahead of EU inflation, Fed’s Powell

EUR/USD remains pressured around 1.0380, after beginning the week’s trading with a downside gap, as the risk-off mood underpins the US Dollar’s demand during Monday’s Asian session. Also likely to have weighed on the quote could be the downbeat comments from ECB Governing Council Member Gabriel Makhlouf.

EUR/USD News

Gold snaps four-day uptrend as Covid woes sour sentiment

Gold snaps four-day uptrend as Covid woes sour sentiment

Gold price drops for the first time in five days while printing mild losses around $1,750 during early Monday. The yellow metal bears the burden of the market’s sour sentiment, as well as the cautious mood ahead of important data and events scheduled for publishing during the week.

Gold News

Binance Coin: Two things need to happen for BNB to hit $450

Binance Coin: Two things need to happen for BNB to hit $450

Binance Coin price could be running out of gas to continue its massive rally. While the last five days have been exciting times for holders, the following days will need to be closely monitored. The threat of a downswing looms for BNB.

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Week Ahead: Decisive week for the Dollar as PCE inflation and NFP reports coming up

Week Ahead: Decisive week for the Dollar as PCE inflation and NFP reports coming up

After the Thanksgiving downtime that generated some further weakness for the greenback, investors will be looking for fresh direction from the barrage of US economic data that will be dominating the agenda in the coming week.

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