The Australian money, or AUD, rises in today’s trading ahead of the highly anticipated meeting of the RBA. Next week Tuesday, the Reserve Bank of Australia is set to announce its decision whether to hold or move its interest rates. As the RBA meeting approaches, the Australian money is doing its best to take advantage …
Australian Money Strengthens Ahead of RBA Meeting Read More »
The NZD USD trading pair glided through the first half of yesterday’s trading with the help of RBNZ news. The Reserve Bank of New Zealand said on Wednesday that it will hold on to its current cash rates. The 1% cash rates of the RBNZ will remain as it is, maintaining record lows. The news …
The US dollar index was seen trading flat last week in Friday’s trading sessions. The news from August’s NFP report caused the US dollar index to slip in the earlier half of the sessions. USD traders were also on the edge of their seats. The US Dollar Index had an upsetting drop on Thursday’s trading. …
The US dollar index and its index futures slipped moments before the highly anticipated release of the NFP report. Despite the dollar’s slip up, traders are expecting the August jobs report to come out strong. Economist forecasts an increase of 160,000 in employment for last month. However, temporary jobs from the U.S. census could leave …
News from the US-China trade war caused the Japanese yen exchange rate to fall in yesterday’s trading. The Japanese Yen Contract recorded a loss of 0.37%, or 0.000035 points, in Thursday’s trading. The CNY to JPY trading pair went up by 0.51% or 0.0759 points, hitting ranges between ¥14.8790 and ¥14.9720 in sessions. While the …
The Swiss Franc had a strong rally in today’s trading after the SNB denied commenting on the value of the currency. The Swiss franc, which rose to its highest ranges against the euro, continued to rally in Tuesday’s sessions. The EUR CHF trading pair went down to 0.28%, to 0.0031 points, trading for Fr1.0831 against …
The EUR/GBP trading pair gained altitude in yesterday’s trading as the pound sterling continues to weaken. The EUR/GBP pair moved up by 0.40% or 0.0036 points in Monday’s sessions. The pair traded around £0.9082 in sessions and has extended its gains from £0.9026 to £0.9091 in yesterday’s trading. The two currencies also lost against other …
The EUR/USD trading pair weakened in last week’s trading after the US economic growth report bolstered the greenback in session. The EUR/USD trading pair went down by 0.11%, or 0.0012 points, hitting levels between $1.1035 and $1.1061 in Friday’s session. The pair gradually declined throughout last week’s trading. The EUR/USD started from $1.1160 on Monday …
The NZD USD trading pair went down as the New Zealand dollar weakened over the disappointing data from ANZ Banks’s business confidence indicator. The data from the ANZ indicator showed that business confidence in New Zealand declined in August to -52.8. The upset data disappointed Kiwi traders and caused the NZD to drop. The NZD …
The AUD weakened in yesterday’s trading after RBA’s Guy Debelle commented on the US-China trade war. The Australian dollar lost against major currencies from the West in Yesterday’s trading. The AUD to USD trading pair lost 0.37% or 0.0025 points. The pair reached ranges between $0.6746 and $0.6781 in Tuesday’s sessions. The EUR to AUD …
The Reserve Bank of Australia warned traders about the risks brought by the trade war to the AUD and other currencies. According to the RBA, the Sino-US trade conflict poses significant risks or threats based on their study. Their research suggests that the consumer has gotten more reluctant to spend their money in local shopping …
US Dollar Index dipped during Thursday’s session against news about the US Federal Reserve. This week, the US Federal Reserve officials are scheduled to have their annual Jackson Hole Seminar. Jerome Powell, US Fed Chairman, is expected to make a speech on Friday addressing the recent Treasury yield curve inversion. The USD Dollar had a …
Recently, Gemini reported to the opening of its doors in Australia. Australian customers can now buy and hold Bitcoin, Bitcoin Cash, Ether, Zcash and Litecoin. The co-founder and CEO at Gemini, Tyler Winklevoss said, “Cryptocurrency is the future of money, and we’re committed to building a bridge to that future in Australia.” He also added, “We …
The Chinese yuan continues to weaken in today’s trading after the People’s Bank of China announced their new benchmark. The yuan remains on edge against the US dollar in Wednesday’s session. The CNYUSD trading pair gained 0.16%, or 0.0002 points. The pair currently trades around $0.1417 against its last close of $0.1415 and has reached …
Europe’s single currency lost its footing against the greenback in yesterday’s sessions. The USD remained stubbornly strong as the tension between Beijing and Washington continues. The EUR/USD pair edged up 0.03% or 0.0004 points yesterday. The pair traded around ranges between $1.1071 and $1.1089 in sessions. The US Dollar Index slightly edged up 0.02% or …
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