Trading news

Fed Meeting weakened dollar. AUD&GBP are down.

Fed Comments came after a meeting to indicate the stability of monetary policy unchanged, but with fears about inflation rates declining. The result was the direction of investors to more sales on the U.S. dollar with growing expectations consistently stimulus plans existing in the United States.

On the other hand we see that the Australian dollar has fallen to its lowest level since 2010, after the decline of benchmark performance of the industrial sector. This explains Australian economy is affected by a decline in global demand and declining growth rates in China, the world's second largest economy. Even better Manufacturing Purchasing Managers Index for China's economy, unexpectedly, did not succeed to push up the Australian dollar.

Therefore, it continues to decline against the dollar and other major currencies. To be noted here the fact that the Australian currency is still high from the point of view of the Australian central bank. As for the pound sterling has begun to decline against the dollar to anticipate events before the meeting of the Bank of England and the European Central Bank, which will be held tomorrow, to fall to its lowest level in four months against the dollar.

Record the GBP against the U.S. dollar lowest level at yesterday's close at 1.5123 while currently trading at 1.5165 level. And on the contrary, the euro rose against the dollar to its highest level in six weeks to score the highest at 1.3343 and is currently trading at 1.3285 level.

Move on to the Australian dollar, which fell against the dollar to record lowest level at 0.8924 before trading around the 0.8975 level, in spite of the weakness of the U.S. dollar currently on the market. This week's agenda is the employment sector data and, of course, will have a significant impact on the performance of the dollar. Everyone is waiting to know its next moves.

Thursday, 01 Aug, 2013 / 6:29

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