GBP/USD finds a support
During the conference in Hague, German Chancellor Angela Merkel said that the EU would find a backstop solution by October 31 (Brexit deadline).
Australian dollar is nearly intact after RBA
On Tuesday, the Australian dollar was nearly intact after the Reserve Bank of Australia made up its mind to leave its overnight rate on hold at 1.5%. Additionally, the Chinese Yuan rallied because an official of the People’s Bank of China told that the Yuan’s internationalization is market-driven.
As a matter of fact, the AUD/USD stood still showing 0.7211. As for the currency pair NZD/USD, it managed to add 0.1% being worth 0.6652. Australia’s key bank told that it actually expected a gradual pickup in inflation. Moreover, the RBA is assured that the country’s GDP will ascend at about 3.5% over the next few years.
Besides this, the currency pair USD/CNY slid by 0.1% coming up with a reading of 6.9239 because during the China International Import Expo Huo Yingli, director general of the Monetary Policy Department II of the People's Bank of China told that the national currency’s internationalization happens to be market-driven.
He told that the Yuan’s internationalization turns out to be a natural thing powered by the market. He added that its basic motivation is built around real demand from investment and trade.
The Yuan reference rate was set at 6.9075 versus yesterday’s reading of 6.8976 by the People's Bank of China.
Estimating the greenback’s actual purchasing power against its key rivals the USD index surged by up to 0.1% ending up with 96.19 because traders waited for the American midterm elections due later in the day.
As some analysts pointed out, financial markets are actively pricing in the likelihood of the Republicans’ win - even in the House. It’s generally believed that a Republican victory in both chambers will most probably back the evergreen buck.
In addition to this, the currency pair USD/JPY headed north by 0.1% reaching 113.34.
Similar
Bitcoin falls below the $10,000 level
The digital asset could not stick above the 50-day SMA for a long time.
Is there a chance for the NZD?
New Zealand is going to release the level of quarterly retail sales on August 23, at 1:45 MT time.
Latest news
Crypto assets decline as OECD demands global ICO regulation
On Monday, crypto assets tumbled due to the fact that the Organization for Economic Cooperation and Development drew attention to the necessity of the global regulation of initial coin offerings…
German exporters don’t care about stronger euro
German exporters demonstrate ascending optimism as for their business prospects because growing demand from other euro zone countries helps to compensate worries regarding the strengthening currency, as the Ifo economic institute told on Wednesday…
Japan's October machinery orders tack on
In October, Japanese machinery orders rebounded with a faster soar than anticipated, thus re-affirming the resilience of capital spending, which is a major driver in the Japanese economy's almost two-year expansion…
Deposit with your local payment systems
