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AUD/USD To Trade At 0.9375

Published 06/12/2014, 12:59 AM
Updated 04/25/2018, 04:40 AM

EUR/USD proceeded its decrease exchanging at 1.3530 with minimal budgetary information to pass by today, yet the World Bank downsize of development is weighing on the whole cash market. The bank refered to a savage winter in the U.s. alongside the Ukraine clash as explanations behind its prerogative, however said that development in the U.s. also Europe would in any case likely quicken in the not so distant future, as the impact from government using cuts subsides, work markets enhance, and repressed interest begins to move through high-pay economies.

GBP/USD added 21 points to trade at 1.6778 after UK unemployment declined to 6.6% lower than expected while claimant count fell to -27.4. Sterling gained ground against the dollar today in the wake of the strongest quarterly rise in employment since 1971.

AUD/USD eased 7 points after the announcement of the RBNZ rate increase to trade at 0.9375. The rate increase along with its surprising schedule of rate increases over the next two years surprised markets but has backed the RBA into following suit to keep money flow balanced.

USD/JPY added 4 points to trade at 102.12 as the Japanese eased. There was little data in Japan as the market focus was on New Zealand this morning as trader’s awaited news from the Bank of Japan.

Gold continued its mini rally adding $2.30 to trade at 1262.40 although traders are not very supportive of the uptrend, gold is still rated to turn down below the 1200 price and should reverse course as more supportive data hits the markets as long as global inflation remains tame. Gold and silver prices both popped to near 2-week highs rising as US stock futures pointed lower.

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