Will There Be Any Changes in US Monetary Policy?
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Aussie gives up some revenues on China data
On Thursday, the Australian dollar gave up some earlier revenues because a surprise leap in jobs for August data was compensated with weaker fixed asset investment, industrial output and retail sales figures from key trading partner China.
The currency pair USD/JPY hit 110.47, sliding 0.01%, AUD/USD reached 0.8003, ascending 0.21%.
The U.S. dollar index, gauging the US currency’s value against six major currencies, grew 0.06% reaching 92.45.
China unveiled fixed asset investment for August, which soared 7.8%, versus the 8.2% leap expected on year. Additionally, industrial output grew 6%, versus a 6.6% rally observed on year. Retail sales inched up 10.1% versus a 10.5% jump observed on year.
Australia posted jobs data with the employment change figure leaping by up to 54,200 versus gain of about 15,000 jobs observed for August under a participation rate of nearly 65.3%, which is higher the 65.1% expected, and an unemployment rate stuck to 5.6%.
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