February 24, 2023 – Written by John Cameron
STORY LINK Pound Australian Dollar Exchange Rate News: GBP/AUD Surged on Souring Market Mood
Australian Dollar (AUD) Plunged on Waning Market Mood
The Australian Dollar (AUD) came under heavy selling pressure on Friday in the wake of a myriad of headwinds. Both geopolitical and economic fears heightened, dragging the risk-sensitive ‘Aussie’ with it.
With the latest core PCE inflation reading in the US bolstering further rate hike bets, as increased interest rate pressures will only push up global borrowing costs and could effectively slow the world economy.
Elsewhere, as the one-year anniversary…
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