Aussie heads south

Aussie heads south

On Wednesday, the Australian dollar dipped in Asia because consumer prices data came in a tad weaker than expected. Additionally, the market saw an ongoing steady policy of rates at a record minimum 1.5% by the Reserve Bank of Australia.

The US dollar index, measuring the greenback’s value against six main currencies, slid 0.06%, hitting 98.66. 

The currency pair AUD/USD reached 0.7513, declining 0.31%. As for USD/JPY, this currency pair hit 111.24, soaring 0.14%.

Australia posted CPI figures for the first quarter of a 0.5% ascend, compared with an 0.6% revenue seen quarter-on-quarter as well as 2.1% surge year-on-year, which is below the 2.2% soar expected.

Overnight, the evergreen buck traded lower against a basket of crucial currencies, following the publication of mixed American economic data, while a soar in the common currency weighed on the major US currency.

The common currency hit fresh five-month peaks versus the greenback as market participants piled into the single currency for a second-straight day, right after centrist nominee Emmanuel Macron managed to win the first round of the French presidential election.


US Dollar index keeps edging up on American upbeat mood

On Friday, the evergreen buck kept tacking on versus other key currencies after the minutes of the Fed’s latest policy gathering along with Thursday’s upbeat data powered optimism as for the strength of the American economy…

Evergreen buck is at 1-1/2 week maximums on Fed minutes

On Thursday, the main US currency was seen at one-and-a-half week maximums versus a group of key rivals, following overnight revenues after minutes of the Fed’s January gathering underlined hopes for faster lifts in American interest rates…


EU shares mostly inch down

On Friday, EU shares mostly traded lower because markets were busy with digesting comments by ECB President Mario Drgahi…

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