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On Tuesday, the Australian dollar rallied in Asia because current account as well as China services ensured a jump ahead of the latest key bank review of interest rates with market participants watching closely further political risk events on the Korean peninsula.
The currency pair AUD/USD soared 0.15% being worth 0.7957. At the same time USD/JPY hit 109.22, decreasing 0.46%.
Australia’s current account demonstrated a surplus of A$9.6 billion, which is wider than the A$8.1 billion surplus observed during the second quarter.
The RBA interest rate verdict is supposed to see Australia’s major financial institution hold steady at a record minimum 1.50%.
The previous week, the greenback was broadly lower versus the other major currencies because Friday's dismal American employment data kept weighing and as renewed threats from North Korea dominated traders’ attention.
Trading volumes were believed to stay light with American markets unavailable due to the Labor Day Holiday.
On Friday, the evergreen buck declined versus its counterparts due to the fact that Fed Vice Chairman Richard Clarida expressed concerns as for global surge and came up with quite dovish remarks on monetary policy…
On Friday, the UK currency managed to inch up notwithstanding worries over Brexit as well as the resignation of major statesmen in Prime Minister Theresa May’s cabinet…
On Thursday, the evergreen buck surged versus its counterparts because mostly bullish economic data managed to reaffirm investor hopes that the American economy is still on firm footing, while a dive in the UK currency also backed sentiment…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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