USD: waiting for the reaction of the US purchasing managers
The United States will publish ISM manufacturing PMI on April 1, at 17:00 MT time.
Aussie rallies on mixed regional data
On Friday, the Australian dollar ascended and the Japanese yen held revenues following mixed data in Asia, with China trade figures staying in line with hopes expectations, although demonstrating descending exports.
The currency pair USD/JPY hit 108.19, sliding 0.24%. Meanwhile, AUD/USD reached 0.8095, rising 0.58%.
With a surplus of $41.99 billion the trade balance data in China appeared to be narrower than the anticipated $48.6 billion for August. The country’s imports gained 13.3%. It surpassed than the 10% leap observed. As for experts, they demonstrated a 5.5% surge versus the anticipated 6 jump.
As Australia reported, July’s home loans data rallied 2.9% versus a 1% profit observed.
Overnight, the US currency sagged to 32-month minimums versus the other key currencies reacting to the publication of dismal American jobless claims data as well as remarks by ECB Governor Mario Draghi, which sent the common currency higher.
Similar
Will the GDP growth strengthen the CAD?
Canada will publish the monthly GDP growth on Tuesday, at 15:30 MT time.
Pound Sterling is recovering against Dollar
The British pound has increased in value over the course of the past week in line with an ongoing improvement in investor sentiment.
Latest news
South Africa got ‘junk’ status from Moody’s
Moody’s downgraded the country to ‘junk’ status on Friday.
The US has joined the rest of the world in recession
The US economy has been hit hard by the coronavirus outbreak.
USD: waiting for the reaction of the US purchasing managers
The United States will publish ISM manufacturing PMI on April 1, at 17:00 MT time.
Deposit with your local payment systems
