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Dollar Failed to Rally on Hawkish Powell, Aussie Rebounds after GDP

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Dollar attempted for a rally overnight after hawkish comments from Fed Chair Jerome Powell, but momentum quickly faded. Instead, the greenback was dragged down by extended weakness in benchmark treasury yields. Overall market sentiment is stable in Asian session, helping commodity currencies rebound. Aussie is additionally lifted by better than expected GDP data. But then, […]

The post Dollar Failed to Rally on Hawkish Powell, Aussie Rebounds after GDP appeared first on Action Forex.

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