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On Tuesday, the Australian dollar posted a mild rebound because Australia’s key bank held rates intact and also pointed to wages as well as house prices as areas of focus because market participants look ahead to Donald Trump’s remarks in South Korea.
The Reserve Bank of Australia issued its latest interest rate verdict and left its benchmark cash rate at 1.50% just as anticipated, hinting it’s monitoring the housing market and a strengthening Australian dollar is actually restraining price pressures.
The currency pair USD/JPY hit 113.87, soaring 0.15%, AUD/USD reached 0.7694, gaining 0.03%. As for GBP/USD, this currency pair added 0.04% being worth 1.3176.
A bit earlier in Japan, average cash earnings tacked on 0.9% versus a 0.6% revenue expected for September.
Measures the greenback’s value against a trade-weighted basket of six crucial currencies, the US dollar index managed to grow 0.02% being worth 94.64.
On Wednesday, the evergreen buck declined because the Japanese yen kept to a two-month minimum due to the fact that market participants had the latest trade reports digested…
On Tuesday, the evergreen buck added versus its counterparts because market participants weighed the latest worsening in the tit-for-tat tariff conflict between China and America, while a weaker common currency also raised market sentiment…
On Monday, the evergreen buck declined versus its counterparts on worries of an escalation in the US-China trade conflict, while a stronger UK currency and euro also put pressure on market sentiment…
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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