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2. Forex- Dollar mixed vs. rivals ahead of U.S. GDP data, Fed.
Forex- Pound rises to nearly 2-month highs vs. softer dollar.
Forex- AUD/USD pulls away from 3-month highs in cautious trade.
www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
Iforex Market Insight
Date:30-Apr
INTERNATIONAL CURRENCY BUZZ
GBP/USD
EUR/USD
GBP/USD hit 1.5406 during European morning trade, the pair's highest since March 2; the pair
subsequently consolidated at 1.5387, gaining 0.32%.The pound rose to nearly two-month
highs against the U.S. dollar on Wednesday, as demand for the greenback weakened ahead of
U.S. data and the Federal Reserve's monthly policy statement due later in the day. Cable was
likely to find support at 1.5174, Tuesday's low and resistance at 1.5460,the high of February
27.The greenback came under pressure after the U.S. Conference Board said on Tuesday that
its index of consumer confidence fell to 95.2 this month from a reading of 101.4 in March.
AUD/USD hit 0.7980 during late Asian trade, the session low; the pair subsequently consoli-
dated at 0.7997,shedding 0.31%.The Australian dollar fell against its U.S. counterpart on
Wednesday, pulling away from three- week highs as market sentiment weakened ahead of the
Federal Reserve's policy statement expected later in the day. The pair was likely to find support
at 0.7829, Tuesday's low and resistance at 0.8052, the high of January 23.The greenback came
under pressure after the U.S. Conference Board said on Tuesday that its index of consumer
confidence fell to 95.2 this month from a reading of 101.4 in March. The report added to a re-
cent string of disappointing data which has prompted investors to scale back expectations on
the timing of a first rate hike by the U.S. central bank
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