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AUD/USD down move could be exhausted

AUD/USD opened yesterday on the lower edge after a previous falling session, but rallied and closed well above the prior session's close.

This price action has left a piercing line on the chart that let bears second-guess their positions. Such a pattern may be some cause for optimism when it appears at a support level.

USD/HUF bears remain unobstructed

USD/HUF bears remain unobstructed
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San Francisco Fed: On current financial conditions, natural US rate is-2.1%

A research piece from SF fed has been getting some air time around trading desk on Wednesday. In the paper, Vasco Cúrdia, a research advisor in the Economic Research Department of the Federal Reserve Bank of San Francisco, notes that on current financial conditions, the natural rate form the US is-2.1%.
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