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AUD/USD holds above 0.6800 despite stronger US Dollar, eyes on RBA Minutes
The AUD/USD pair recovers some lost ground to near 0.6805, snapping the two-day losing streak during the early Asian session on Monday. The stronger-than-expected US September employment data provide some support to Greenbank and drag the major pair lower.
EUR/USD hangs near its lowest level since mid-August, seems vulnerable around 1.0975 area
The EUR/USD pair kicks off the new week on a subdued note and consolidates last week's heavy losses to its lowest level since mid-August touched in the aftermath of the upbeat US employment details on Friday.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold loses momentum to near $2,650 on renewed US dollar demand
Gold price trades in negative territory for the fourth consecutive day near $2,650 on Monday during the early Asian session. The further upside in the US Dollar after the upbeat US Nonfarm Payrolls on Friday exerts some selling pressure on the yellow metal.
Week ahead: What are the financial markets watching this week
Aside from geopolitical risk, this week’s macro drivers include the US CPI inflation report, the Federal Open Market Committee meeting minutes, and the Reserve Bank of New Zealand’s rate announcement.
Aptos and EIGEN lead $200 million token unlocks next week amid massive failure in low float, high FDV launches
The crypto market will witness token unlocks worth $200 million next week. APT and EIGEN will see the highest unlock volume, adding $93 million and $34 million worth of new supply to circulation. There is a massive failure among tokens that conducted airdrops with low float, high FDV.