The week was positive for the greenback. The US dollar index managed to set new highs near $93.50.
AUD/USD: forecast for July 17-21
The Reserve Bank of Australia left its benchmark rate unchanged at its last meeting. The monetary policy statement was left untouched which was a disappointment, as many expected a tilt to the hawkish side. It will be interesting to see whether at least some of the RBA’s policymakers considered future policy tightening while voting for “no change”.
The pound is highly volatile after a Brexit referendum. Have a look what other factors affect the UK currency. And get clues on future movements of GBP.
This is Forex trading plan for Thursday, May 24…
It seems like the rally of the greenback has ended. On Monday, the US dollar index tested levels near $94, however, closed below $93.50.