Profit-taking takes hold of the AUD as it is hit by a double whammy
The Australian dollar (AUD) has been one of the standout performers on major forex in recent weeks. However, it may now be time for a bit of a retracement. Profit-taking is setting in this morning as a double whammy of factors hit the AUD. A rate cut from the People’s Bank of China (PBoC) and … Continued