In Friday's session, the Australian Dollar (AUD) intensified its losses against its peers.
Australia n Dollar has suffered extended declines in recent sessions as RBA gains slowly fade. PMI figures from Australia reveal weaker-than-expected data. Fragility in the Australia n economy seems to be driving demand off the Aussie. In Friday's session, the Australia n Dollar intensified its losses against its peers. The AUD/USD duo has been testing its notable support at the 0.6640 threshold, the 20-day Simple Moving Average .
Economies are constantly facing inflation or deflation when prices for certain goods and services are fluctuating. Constant rising prices for the same goods means inflation, constant lowered prices for the same goods means deflation. It is the task of the central bank to keep the demand in line by tweaking its policy rate. For the biggest central banks like the US Federal Reserve , the European Central Bank or the Bank of England , the mandate is to keep inflation close to 2%.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australian Dollar stays calm, while US Dollar advances on expected delay over Fed cutsThe Australian Dollar (AUD) remains soft on Monday following the decline in the previous session.
Read more »
Australian Dollar continues to struggle following Australian labor market resultsThe Australian Dollar (AUD) fell further against the US Dollar (USD) on Thursday despite strong labor market data from Australia reported earlier in the session.
Read more »
US Dollar strengthens, strong S&P PMIs data propels riseOn Friday, the US Dollar, benchmarked by the US Dollar Index (DXY), extended its gains, stemming primarily from robust Purchasing Managers Index (PMI) figures for June released by S&P.
Read more »
US Dollar strengthens following Services PMIs, ADP figuresOn Wednesday, the US Dollar Index (DXY) extended its gains despite mixed signals about the US economy.
Read more »
Canadian Dollar races Greenback lower after broadly softer manufacturing PMIsThe Canadian Dollar (CAD) is broadly lower on Monday after May’s S&P Canadian Global Manufacturing Purchasing Managers Index (PMI) figures missed the mark.
Read more »
Asia FX weakens as China PMIs disappoint; Dollar steady before PCE dataAsia FX weakens as China PMIs disappoint; Dollar steady before PCE data
Read more »