Greenback stays below 19-month maximums with Fed in focus
On Monday, the evergreen buck was intact staying below 19-month maximums versus a group of its primary rivals…
Aussie holds weaker after RBA leaves its rate intact
On Tuesday, the Australian dollar held weaker after the country’s major financial institution didn’t change its interest rate. It definitely hints at an improving economy.
The currency pair AUD/USD dipped 0.31% being worth 0.7803, USD/JPY hit 113.12, soaring 0.33%.
On Tuesday, the Reserve Bank of Australia held its cash rate intact at a record minimum 1.50% just as expected. The given move persuaded financial markets that the Australian economy keeps improving.
Previously, Australia posted that building approvals edged up 0.4% in August, which is below the expected 1.1% revenue, while private house approvals went down 0.6% versus July’s 1% profit.
Estimating the greenback’s value versus a trade-weighted basket of six crucial currencies, the US dollar index rallied 0.24% being worth 93.70.
Overnight, the evergreen buck tacked on versus a basket of key currencies following data disclosing that manufacturing activity inched up to its highest value since 2004. It drove hopes for solid third-quarter economic surge.
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Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
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…
Greenback edges down
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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