Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
Aussie sinks notwithstanding strong June building data
On Wednesday, the Australian dollar declined notwithstanding strong building figures for June. Additionally, market participants are waiting for an interest rate report from India.
Estimating the US currency’s strength versus six key rivals, the US dollar index grew 0.03% trading at 92.94.
As Australia posted, June’s building approvals went up 10.9%, outpacing a 1.5% profit observed month-on-month.
The Reserve Bank of India is going to disclose its latest interest rate verdict with a drop to 6% observed from 6.25% for the benchmark as well as the reverse repo rate sliding from 6.00% to 5.80%. The currency pair ISD/INR tacked on 0.10% sticking to 64.120.
The currency pair AUD/USD declined 0.20% being worth 0.7953. At the same time USD/JPY got to 110.63, soaring 0.24%.
Previously, in New Zealand, the employment change on the second quarter went down 0.2%, missing a 0.7% profit observed for an unemployment rate standing still at 4.8%.
The currency pair NZD/USD reached 0.7426, descending 0.58% reacting to the data.
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
Congratulations! Gold has just opened a new era... or, rather, reopened...
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.