Source: ForexYard
Riskier currencies such as the aussie and kiwi continue to fall against the USD. As uncertainty remains across the market, traders can be expected to look towards traditionally stable currencies like the greenback. As of this morning, the aussie is lagging against the greenback at $1.0604 and the NZD is hovering around $0.8131 against the USD.
Heading into this afternoon, we’ll see news coming out of Canada regarding its PMI numbers. Additionally, Australia will be releasing various economic figures, including its RBA rate statement. This news does hold the potential to influence more volatile currencies’ current weakness against the American dollar.
Read more news on our forex blog.
Forex Market Analysis provided by ForexYard.
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