Source: ForexYard A bigger than expected cut in Australian interest rates last night turned AUD bearish against euro, USD and JPY in overnight trading. Additionally, poor US fundamentals brought USD/JPY to a fresh two-month low. Main News for Today UK Manufacturing PMI-08:30 GMT o Expected to show growth in the UK manufacturing sector o GBP [...]
Continue Reading RBA Interest Rate Cut Leads to Aussie Losses
Source: ForexYard The US dollar extended its bearish trend during yesterday’s trading session, as investors continued to digest the disappointing US Advance GDP figure released last week. The greenback hit a two month low against the Japanese yen while the GBP/USD rose to an eight-month high. Turning to today, most European markets are closed for [...]
Continue Reading USD Remains Bearish During Slow Trading Day
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Continue Reading ForexCT Afternoon Market Thoughts for 1 May 2012