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On Tuesday, the Australian dollar managed to gain moderately in Asia because the trade balance came in much better than expected with Australia's major bank set for an interest rate decision later in the day. Meanwhile, market participants are cautious ahead of a gathering this week between American President Donald Trump and Chinese President Xi Jinping in Florida supposed to be contentious on trade.
The US dollar index, normally estimating the greenback’s actual strength against a trade-weighted basket of six main currencies, declined 0.02% to 100.34.
Australia posted a trade balance surplus of A$3.574 billion, almost double the A$1.80 billion observed as exports added 1% and imports sagged 5%.
Later, the Reserve Bank of Australia is going to review its monetary policy and it’s expected to stay on hold at a record minimum of 1.50% for the benchmark rate.
The currency pair AUD/USD reached 0.04%, hitting 0.7609, USD/JPY hit 110.65, sliding 0.23%.
On Friday, the evergreen buck slumped after Donald Trump had the Federal Reserve heavily criticized for lifting interest rates, although it was still on target for a second winning week…
American multinational companies get down to reevaluating their currency hedging strategies following a leap in the evergreen buck for recent months because the impact of the stronger US currency starts influencing second-quarter corporate profits…
On Wednesday, the British pound headed south to the lowest value for 10 months versus the broadly stronger greenback because suddenly dismal British inflation data decreased chances for an August rate lift by Britain’s key financial institution…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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