XE Market Analysis: RBA Delivers Rate Cut and Waits for Other Central Banks to Join in

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OVERVIEW

  • The greenback is attempting a mini-recovery, up by 0.1% against G-10 currencies despite negative sentiment catching up with the market

  • USD/CAD returns inside familiar ranges buoyed by higher oil prices and general weaker USD sentiment

  • Gold climbs to a four-month high as investors seek safe assets