The Reserve Bank of Australia leaves the interest rate unchanged in its April meeting, as widely expected. AUD/USD, which was already under pressure after the weak retail sales extended its slide. The pair trades at 0.7580, below support at 0.7610. Further support awaits at 0.75, a very round level. Another important Australian release awaits traders. See [...]
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Remains on high ground after 57.7 points in February. This fresh figure for March is a first hint towards the Non-Farm Payrolls report on Friday. The US dollar is losing some ground on the publication, ticking lower across the board. more coming
The post ISM Manufacturing PMI drops to 57.2 as expected appeared first on Forex Crunch.
The manufacturing sector in the UK has grown at a slower pace in March, according to Markit. The purchasing managers’ index dropped to 54.2 from 54.5 and more significantly, short of the 55.1 points expected. It was not supposed to be this way. The EU Referendum sent the pound tumbling down. In turn, the weaker exchange [...]
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