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23 Jun 2015

Rate cuts have been effective in lowering AUD – RBA’s Edwards

FXStreet (Mumbai) - The Reserve Bank of Australia (RBA) board member John Edwards said on Tuesday that interest rate cuts have been effective in lowering the Australian dollar.

Edward’s comments are hardly surprising, since the RBA members have repeatedly said that further depreciation in the AUD is necessary and likely. The AUD/USD has not reacted to Edward’s comments, as it trades at 0.7730 after rebounding from 0.77.
Jun 23, 2015

GBP/USD dips to 1.5765, back at 1.5800

The British pound remains pressured versus the US dollar in the early European trades, sending GBP/USD back below 1.58 handle. The major keeps losses, although recover slightly from lows, as USD bulls take over the drivers’ seat ahead of the Europe open, as traders look ahead to a macro filled US session.
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Jun 23, 2015

EMU’s PMIs and US Durable Goods Orders in the limelight – Danske Bank

Pernille Henneberg, Senior Analyst at Danske Bank, notes today’s most relevant releases in Euroland and the US...
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