The Australian dollar continues to exhibit sharp volatility. AUD/USD declined by 0.82% on Friday but has bounced back today and soared 1.15%. Currently, the pair is trading at 0.6990. Let’s take a look at the reasons that the Aussie was pummelled on Friday. First, a sparkling US nonfarm payrolls report on Friday sent the US […]
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Veteran strategist Tom Lee believes the stock market can still rally sharply, despite the risk of a major drawdown in the back half of the year. The Fundstrat co-founder believes the recent market choppiness has Read more…