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A breather after gains

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Miguel A. Rodriguez
Miguel A. Rodriguez
03 November 2021
Aussie drops as RBA sets dovish tone in busy central bank week
  • #Oil prices edged lower from elevated levels, ahead of the release of the latest snapshot of U.S. supply and as traders focus on this week’s #OPEC+ meeting
  • Australia's dollar fell after the Reserve Bank of Australia sounded a more dovish tone than expected, in the first of several meetings of central banks this week
  • Crypto mining stocks are surging as #bitcoin extends gains and the #hashrate falls, helping to keep profit margins elevated
  • #BTCUSD exploded 3.8%
  • #USDJPY lost 0.1%



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Miguel A. Rodriguez
Miguel A. Rodriguez
financial_writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.