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7.4.21 11:00_AUD/USD_SHORT

AUD/USD Short.The dollar is moving higher. Investors’ attention is focused on the Fed’s minutes. With the start of Central European trading, the dollar climbed slightly in the wake of further signs of strong US economic growth. The previous quarter saw the strongest strengthening of the dollar in recent years, with growing expectations that accelerating economic growth and inflation in the US could force the Fed to abandon its promise to keep interest rates close to zero until 2024. Still, many investors doubt whether the Fed may maintain its dovish attitude, especially in the light of recent employment data. Friday’s wage report was much stronger than expected, while Tuesday’s data showed the labor market is creating more opportunities at a faster pace.

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