Summary: The Australian Dollar has continued its previous growth after recent Chinese economic data showed stronger than expected performance. The Great British Pound is struggling due to Brexit uncertainty. Expected interest rate cuts are weakening the Euro and U.S. Dollar. Australian Dollar vs. Pound Sterling The Australian dollar is on the rise. The Reserve Bank […]
Summary: South African Rand (ZAR) falls with the build-up to Moody’s credit review. British Pound Surges with the pairs: GBP/NZD +1.82%, GBP/EUR +1.29% and the GBP/CAD +1.31%. Investors still seem to appear optimistic in terms of the future viability of the Pound and continue to invest in it. South African Rand Falls South African Rand […]
Weekly Currency Review DXY Index Price Chart: 5-minute Timeframe (from July 12 to July 19, 2018). Source: Tradeview.com The US retail sales data released this Monday showed 0.5 percent rise in June, and last month’s spending growth was revised to 1.3 percent from 0.8 percent, confirming the accelerating consumer spending in the second quarter. […]
Weekly Currency Review DXY Index Price Chart: 5-minute Timeframe (from July 4 to July 11, 2018). Source: Tradeview.com The US employment data released last Friday showed optimism in the economy. There are 213,000 jobs added in June, down from the May’s figure of 244,000 but beating the forecast of 195,000 from Thomson Reuters survey. Even […]
Currency Review for the week from May 28, 2018 to June 4, 2018.
