Deputy Governor Guy Debelle said on Tuesday that Australia's central bank is assessing various monetary policy options including currency market intervention and negative rates to meet its inflation and employment goals.
RBA's Debelle: RBA is assessing currency market intervention
AUD/USD bounces off rising-wedge support to print four-day winning streak.
Repeated failures to stay strong past-0.7300 prints a bearish a chart pattern.
Buyers will remain worried unless crossing 0.7416, 200-bar SMA and a six-week-old rising trend line add to the support.
AUD/USD picks up bids nea
Daily Pivots: (S1) 1.1788; (P) 1.1814; (R1) 1.1855;
EUR/USD spikes higher in early US session but quickly retreated. It’s after all staying in range below 1.1965 and intraday bias remains neutral. On the upside, break of 1.1965 will extend the whole rise from 1.0635. However, considering bearish div
Global Prime, an Australian-based online trading provider, has revealed exclusively to Finance Magnates that it has partnered with BidFX in order to expand and centralise its interbank funding market.
BidFX is an institutional foreign exchange solutions provider. Under the partnership an
Reuters reports comments from a senior US official, citing that he sees a 'real desire' by some Democrats and Republicans to reach agreement on smaller stimulus deal.
Smaller deal of around $500 billion between White House and Congress could include funding for postal service, other items, he noted.
Dollar index extends four-day losing run, eyes 26-month low of 92.52.
Multiple factors like the US fiscal impasse, SIno-US tensions weight over the greenback.
Dollar index, which tracks the value of the greenback against majors, is trading in the red near 92.66 at press time. The index is nursing
At 8:30 am ET Tuesday, U.S. producer price index for July is set for release. Ahead of the data, the greenback traded mixed against its major counterparts. While the greenback held steady against the euro, it dropped against the rest of major rivals.
The greenback was worth 1.1795 against the euro,
The U.S. dollar exhibited strength against other major currencies on Monday amid the ongoing tensions between the U.S. and China, and U.S. President Donald Trump signing executive orders aimed at extending coronavirus relief to Americans.
The executive orders include an extension of expanded unemplo
White House chief of staff Meadows has crossed the wires and has said it was a `very productive meeting' with Pelosi on the aid bill.
Will return for talks with House speaker Pelosi Tuesday.
The update comes as the Congressional Republicans are growing frustrated with the two Trump administration
Risk assets closed on a more favorable note Tuesday after news broke that Moderna Inc's Covid-19 vaccine produced antibodies to the coronavirus in all patients in the initial therapeutic trial.
Oil doesn’t benefit specifically from the forward-looking conjecture oomph to the extent that equities do
The US dollar finally came under some selling pressure on Thursday after the US set another record high of more than 59,000 coronavirus cases on Wednesday. The numbers moderated a bit today but medical facilities across the nation are getting slammed, positivity rates are alarming and the death rate
AvaTrader, a contracts for difference (CFD) broker, has made its risk management tool AvaProtect available for its desktop trading application AvaTrade WebTrade, Finance Magnates can reveal exclusively this Thursday.
AvaProtect is a risk management tool that requires only one click. The