Forex News

Live Forex news from all over the world.

    Archives

Australian Dollar Lower amid Mixed Data, Trade Wars

June 1, 2018 at 10:14 by Vladimir Vyun

David Unaipon on Australian 50-dollar billThe Australian dollar fell today amid mixed macroeconomic data released over the trading session in Australia and its major trading partner, China. Risk aversion caused by trade wars between the United States and their allies also hurt the currency.

The Australian Industry Group Australian Performance of Manufacturing Index fell to 57.5 in May from 58.3 in April. The Index of Commodity Prices reported by the Reserve Bank of Australia rose 3.6% in May from a year ago after falling 1.8% in April. The Caixin China General Manufacturing PMI was unchanged at 51.1 in May.

AUD/USD fell from 0.7567 to 0.7543 as of 10:07 GMT today. EUR/AUD rallied from 1.5441 to 1.5523 after touching the daily low of 1.5400.

If you have any questions, comments, or opinions regarding the Australian Dollar, feel free to post them using the commentary form below.

Leave a Reply

required
required  

Navigation

Menu