AUD/USD rises to 0.6770 area on more stimulus promises from China, modest USD downtick – by hareshmenghani AUDUSD China Fed EconomicIndicator Currencies
AUD/USD is picking up fresh bids to regain 0.6750, resuming the corrective bounce from the two-week low amid the mid-Asian session on Tuesday. The pair capitalizes on a rally in the Chinese stocks amid stimulus hopes that have capped the US Dollar upside. US sentiment data awaited. EUR/USD is rebounding toward 1.1100 in the Asian session on Tuesday. The pair recovers from the downbeat Eurozone and German PMIs-led weakness while a pause in the US Dollar rally also aids the EUR/USD upswing.
Looming recession risks lend support to the safe-haven metal amid a modest US Dollar downtick. The upside seems limited ahead of this week's key central bank event risks and important US data.Uniswap price made good gains for its investors these past few weeks, however, this run came to a pause this week. With Bitcoin price slipping to $29,000, the broader market cues turned slightly bearish, and most of the cryptocurrencies appear to be correcting.
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