Aussie goes down further after April minutes demonstrate caution

Aussie goes down further after April minutes demonstrate caution

On Tuesday, the Australian dollar dipped further in Asia, as the major bank issued minutes for the April gathering, which suggested caution on rate views and financial markets looked ahead to comments by American Vice President Mike Pence in Tokyo on ongoing tension on the Korean peninsula.

The currency pair AUD/USD reached 0.7563, sliding 0.37%, USD/JPY leapt 0.15%, trading at 109.06.

Meanwhile, the Reserve Bank of Australia published minutes from its April review at which the country’s major bank held steady at a record minimum of 1.5% for the cash rate. Additionally, China posted in May house prices added 11.3%, a drop down from 11.8% last month.

The US dollar index, normally estimating the greenback’s value against a trade-weighted basket of six crucial currencies, inched up 0.05%, trading at 100.25.

On Tuesday, Pence is supposed to talk about Korean tensions with Japanese Prime Minister Shinzo Abe when he comes to Tokyo for economic negotiations with Finance Minister Taro Aso. Additionally, he’s going to visit Sydney and Jakarta later in the week.

 

Similar

Greenback edges down

On Monday, the evergreen buck slumped versus a currency basket, having reported its greatest weekly revenue for a month the previous week because market participants shifted their attention to American retail sales outcomes for June later in the trading…

Popular

Asian shares tumble with Japan markets shut

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…

Greenback surges as yields soar

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…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera