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Abstract:On Wednesday, U.S. stocks grew at the expense of the haven-associated USD, curbing its gains and punishing AUZ, NZD & GBP at the same time.
WikiFX News (13 Aug)- On Wednesday, U.S. stocks grew at the expense of the haven-associated USD, curbing its gains and punishing AUZ, NZD & GBP at the same time.
Among the currencies, NZD was still reeling from the RBNZ (Reserve Bank of New Zealand) rate decision for August while GBP also suffered and became the biggest loser in the aftermath of U.K. latest GDP data which showed a jaw-dropping figure
On Thursday, Asia-Pacific stock markets may rise as part of a sentimental echo effect after Wall Street trade. Accordingly, USD and JPY are possible to further retreat but turn around NZD's setback and put premium on AUD. Furthermore, AUD will be partly affected by the countrys jobs data for July.
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Recent developments include President Biden's potential re-election reconsideration, Asia-Pacific market highs, PwC's auditing issues in China, potential acquisitions in the energy and retail sectors, geopolitical tensions, and regulatory actions impacting markets. Key impacts include fluctuations in USD, CNY, CAD, TWD, EUR, GBP, and AUD, with significant effects on stock markets across the US, Asia, and Europe.
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