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Stocks and Investing
Source : (remove) : ig.com
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Stocks and Investing
Source : (remove) : ig.com
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AUD/USD, EUR/GBP drop to multi-year lows while EUR/USD dips

The article from IG discusses the recent movements in several major currency pairs. The AUD/USD has dropped to its lowest level since 2020, influenced by a stronger US dollar and concerns over China's economic recovery. Similarly, EUR/GBP has hit a multi-year low, driven by disappointing economic data from the Eurozone and expectations of tighter monetary policy from the Bank of England. Meanwhile, EUR/USD has also seen a decline, hovering near its lowest since December 2022, due to a robust US dollar bolstered by positive US economic indicators and hawkish comments from the Federal Reserve. The article also touches on market sentiment, with traders adjusting their positions in anticipation of further economic data releases and central bank decisions.

Read the Full ig.com Article at:
[ https://www.ig.com/uk/news-and-trade-ideas/aud-usd--eur-gbp-drop-to-multi-year-lows-while-eur-usd-dips-241211 ]