Weak Data Hammers USD

The Australian dollar has momentarily halted its downward trajectory against the US dollar, stabilizing around the 0.6565 mark. With a lack of significant domestic data from Australia, the AUD’s movements are largely influenced by the performance of the Chinese yuan and economic developments from China. Recently, the offshore yuan weakened to its lowest in a […]

Positive news for the Pound, beyond the fact that England will play in the Euro-24 final. The monthly estimate showed that the economy grew by 0.4% in May (twice as much as expected) and that growth in the last three months accelerated to 1% year-on-year. That’s the fastest pace since early 2023, although it’s about […]

EURUSD extends sharp fall into second straight day and trading near the lowest in 1 ½ month low on Friday. Fresh risk aversion on growing political uncertainty in France, with tremors hitting the whole euro-bloc, put the single currency under strong pressure. The pair lost 1.1% of its value in just two days, raising prospects […]