On Monday, on the Investing…
Aussie sinks further on disappointing trade
On Thursday, the Australian dollar declined further during early Asia because the trade balance fell short of surplus hopes and Caixin reported its PMI for services in China went down as nonfarm payrolls are expected at the end of the week.
The currency pair AUD/USD demonstrated 0.7932, dipping 0.44%. The outcome of USD/JPY was 110.67, decreasing 0.02%. As for GBP/USD, this pair traded at 1.3218, losing 0.04%.
A trade balance surplus of A$856 million turned to be far below the A$1.800 billion actually expected for June in Australia. Additionally, in China the Caixin services PMI showed 51.5, which is quite below the 51.9 reading observed previously.
Overnight, the greenback declined versus a basket of global peers, after July’s private sector job creation managed to undershoot forecasts, thus lowering expectations for nonfarm payrolls news due this week.
ADP and Moody's Analytics told that American private employers generated 178,000 jobs for the month, and that’s short of expert’s forecasts of 185,000.
On Friday, the evergreen buck moderately rallied versus its counterparts, staying on track for posting consecutive weekly profits for the first time since November…
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…