The Australian dollar continued its downward slide in early trading on Tuesday, weighed down by a combination of domestic economic weakness and broader concerns about China's economic outlook. Australia's heavy reliance on China as its largest...
General Points about AUDUSD: We are observing that the AUD/USD market is currently trading around the 0.6348 level, reflecting a period of limited momentum despite recent economic data releases. The US Flash Manufacturing and Services PMI data,...
The spot price has reversed its two-day rally, pulling back from a four-week high of 161.95 reached on Tuesday, and is now trading around 161.40 during European hours. This decline is partly attributed to the release of mixed economic data from...
Hello, EUR/USD continues to trade around the 1.0500 mark in the US session on Tuesday. A negative shift in risk sentiment revived safe-haven demand for the US dollar earlier in the day, while strong US retail sales data put near-term pressure on the...
Silent Points about EURUSD: Yesterday’s release of the German Flash Services and Manufacturing Index on the negative side caused significant losses for EUR/USD buyers. The data pointed to weaker-than-expected performance in Germany's service and...
