Australian Dollar underperforms as revived Mideast risks drag risker assets

Australian Dollar underperforms as revived Mideast risks drag risker assets

The Australian Dollar (AUD) trades lower against its major currency peers, is down 0.75% to near 0.6875 against the US Dollar (USD) during the European trading session on Thursday. The antipodean faces intense selling pressure as fears that the war in the Middle East will last long have revived the risk-off impulse, following United States […]

Euro stands tall above 0.8700 in risk-off markets

Euro stands tall above 0.8700 in risk-off markets

EUR/GBP’s reversal from one-month highs at 0.8740 found buyers right above 0.08700 on Wednesday, and the pair has trimmed losses on Thursday, returning to the 0.8720 area at the time of writing. The Euro (EUR) seems to be faring better than the British Pound (GBP) amid the risk-averse market mood, and keeps the bullish bias […]