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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 Friday, the evergreen buck declined versus its counterparts due to the fact that Fed Vice Chairman Richard Clarida expressed concerns as for global surge and came up with quite dovish remarks on monetary policy…
On Friday, the UK currency managed to inch up notwithstanding worries over Brexit as well as the resignation of major statesmen in Prime Minister Theresa May’s cabinet…
On Thursday, the evergreen buck surged versus its counterparts because mostly bullish economic data managed to reaffirm investor hopes that the American economy is still on firm footing, while a dive in the UK currency also backed 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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