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Short-term, the AUD/USD and NZD/USD could get a boost if Treasury yields continue to drop and the U.S. reinstates the meeting with North Korea, originally scheduled for June 12. However, gains ...
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At 1400 GMT, ISM Non-Manufacturing PMI is expected to decline from 59.1 to 58.6. AUD/USD and NZD/USD Fundamental Daily Forecast – In Position to Reverse Earlier Weakness Ahead of NFP Report Skip ...
As mentioned previously, the quotation EUR/USD 1.2500 (or EURUSD 1.2500) means that one euro is exchanged for 1.2500 US dollars. If the quote changes from EUR/USD 1.2500 (or EURUSD 1.2500) to 1.2510, the euro has increased in relative value by 10 pips ( Percentage in point ), because either the dollar buying strength has weakened or the euro ...
Unlike the U.S., Australian inflation just recently moved to 2.1%, putting it inside the RBA’s target band of 2-3% for the first time in six years.
The Australian dollar (sign: $; code: AUD; also abbreviated A$ or sometimes AU$ to distinguish it from other dollar-denominated currencies; [2] [3] and also referred to as the dollar or Aussie dollar) is the official currency and legal tender of Australia, including all of its external territories, and three independent sovereign Pacific Island states: Kiribati, Nauru, and Tuvalu.
The New Zealand dollar was initially pegged to both the British pound sterling and the United States dollar at NZ$1 = UK£ 1 ⁄ 2 = US$1.40. On 21 November 1967 sterling was devalued from UK£1 = US$2.80 to US$2.40 (see Bretton Woods system ), but the New Zealand dollar was devalued even more from NZ$1 = US$1.40 to US$1.12, to match the value ...
An extremely weak report could force the RBA to cut rates at its August 6 meeting. AUD/USD and NZD/USD Fundamental Daily Forecast – Aussie Dips Slightly on Lower Building Approvals Skip to main ...