Trading news

Aussie is trying to rise after Chinese growth data.

The Australian dollar is trading positively with the beginning of the week, but is accompanied by weak volume of trades after it fell to its lowest level against the dollar years ago with the end of last week. Chinese growth data matched the expectations and less than the previous reading of the record of the Chinese economy during the second quarter growth rate of 7.5%, and the result is that we have seen little impact on the currency markets since the fact that the actual reading came identical to market expectations.

As for the U.S. dollar, it was able to maintain the gains recorded by the end of trading last week against the Yen and other major currencies, the remain pending eyes now retail sales data from the U.S. economy and fierce expectations about the next action by the Fed. The Australian dollar rose against the dollar to its highest level at 0.9108 after hitting its lowest level during the past week, approaching the psychological level at 0.9000.

The Australian dollar also rose against the Japanese yen, its highest level at 90.35. Trading pair Dollar / Yen around the 99.20 level in a narrow trading range, while the euro rose against the yen to 129.76 level, but in general remain the Euro against the Yen trades in a specific range of short-term trades. The pair is trading the Euro against the dollar higher level of 1.3060 the pair to score the highest at 1.3075 but the pair accompanied trading volume is weak.

Monday, 15 Jul, 2013 / 6:53

Source : https://www.firstbinaryoption.com

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