The Australian dollar edged lower on Wednesday in Asia as a weaker-than-projected trade data from China added pressure on the Reserve Bank of Australia to reduce interest rate to boost growth. China is Australia’s biggest trading partner and the key export destination for its mining rich industry. Therefore, a weak Chinese trade figures would reduce
The dollar is currently weakening against all of its major competitors at the start of the new trading week. Equity markets in Europe are recovering from their sharp losses on Friday, which were sparked by the stronger than expected U.S. jobs report for June. The risk appetite of investors appears to be increasing, as they
The dollar is losing ground against all of its major competitors on Wednesday. Equity markets will close early in the U.S. today and will be closed all day Thursday for the Fourth of July holiday. Investors will be watching for news from the monetary policy meetings of the ECB and the BoE on Thursday, as
The dollar is gaining ground against all of its major competitors on Tuesday. With the Fourth of July holiday drawing near, investors have turned cautious ahead of Thursday’s meetings for both the European Central Bank and the Bank of England. The all important U.S. jobs report for June will also be released at the end
The dollar is trading basically flat against its major European competitors at the start of the new trading week, but is down slightly against the Japanese Yen. There has been little economic data to drive the direction of trade Monday, but there are a number of important reports due out Tuesday. Investors will also be
