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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.
On Tuesday, the evergreen buck bounced off a one-month minimum versus Japan’s currency because a selloff in global stocks relived, while the New Zealand dollar managed to surge after positive inflation data overnight…
On Monday, Bitcoin managed to surge steeply right after a credit scare on a key cryptocurrency exchange generated a rush for the number one crypto asset…
On Monday, the evergreen buck slipped due to the fact that US retail sales data for September missed analysts’ hopes, and as benchmark American Treasury yields stabilized after the previous week reaching their highest value for seven years…
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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