Daily Video Recap (6/1): Euro Falls to 4-Year Low then Recovers; Pound Higher; RBA & BOC Decisions
The Euro fell to a fresh 4-year low on overnight risk aversion but then had a strong counter-rally to wipe away earlier losses in early NY trading on the back of a strong US manufacturing report. The RBA held rates steady at 4.5% while the BOC upped theirs to 0.5%. The Pound surged above the 1.46 area.
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Analyst: Nick Nasad
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Duration : 0:9:36
Tags: currencies, dollar, Economy, euro, Exchange, finance, foreign, forex, FX, news, pound, trading, yen