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AUD/USD Continues To Climb Trading At 0.9376

ByFxNet
Published 04/10/2014, 04:13 AM
Updated 04/25/2018, 04:40 AM

EUR/USD kept on declining after German Trade numbers missed desires. The euro moved by 8 focuses to exchange at 1.3788. Germany's exchange surplus limited in February as fares declined yet imports grabbed marginally betwixt signs that development in Europe's greatest economy is quickening.

GBP/USD gave back some of yesterday’s gains easing to 1.6733 giving up 14 pips after the release of trade balance numbers, that were slightly better than expected. UK’s February trade balance came in at a lower than expected deficit of £9.09bn, from a deficit of £9.8bn in January, data showed. The market had anticipated a deficit of £9.3bn.

AUD/USD continues to climb adding 18 points to trade at 0.9376 as the greenback breaks below 80. The Aussie is well above its trading range and is high enough to trigger intervention from the RBA. Traders should listen closely to any comments from Mr. Stevens but all this could reserve when the FOMC minutes are released later today. Home Loans and consumer confidence both jumped above expectations this morning rallying the AUD

USD/JPY fell to its lowest level in weeks yesterday but regained 22 points this morning to trade at 102.05 moving back to its recent trading range, after the BoJ held rates and stimulus. The BoJ gave a glowing outlook for the economy and said the economy was strong enough to weather the sales tax increase without additional stimulus from the central bank. Traders are waiting for the BoJ report due later in the morning.

Gold moved between small gains and losses as traders wait for the FOMC Minutes later in the US session. Gold is trading at 1310.90 up by $1.80 at mid-day. Oil declined Wednesday but stayed above $102 per barrel amid unrest in eastern Ukraine and the possibility of lower U.S. production.

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