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 Monday, the evergreen buck slumped versus a currency basket, having reported its greatest weekly revenue for a month the previous week because market participants shifted their attention to American retail sales outcomes for June later in the trading…
On Friday, the evergreen buck rallied to a 10-day maximum after American consumer prices data disclosed a build-up of inflation pressure, which would enable the Federal Reserve to have rates lifted up to four times in 2018…
On Thursday, the US currency was generally intact versus its counterparts…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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