Australian Dollar: USD/AUD (AUD=X) Weakness Continues After Release of Services PMI and Trade Balance Figures

Australian Dollar: USD/AUD (AUD=X) Weakness Continues After Release of Services PMI and Trade Balance Figures AUD/USD is recovering after trading weaker early on Thursday following the release of trade balance and services PMI figures. At the time of writing, AUD/USD is trading at around 0.6719. According to data released by Markit earlier today, the Australian…

British Pound: USD/GBP (GBP=X) well supported against its major competitors

British Pound: USD/GBP (GBP=X) well supported against its major competitors The British Pound remains relatively well supported against its major competitors on Thursday, October 03 with foreign exchange markets opting to watch the currency from the sidelines as they try to gauge whether the UK’s final Brexit proposals to the EU will be accepted. Sterling…

Canadian Dollar: USD/CAD (CAD=X) focus on weekly close around 1.3355/70

Canadian Dollar: USD/CAD (CAD=X) focus on weekly close around 1.3355/70 The Canadian Dollar down more than 0.75% against the US Dollar since the start of the week with USD/CAD testing the upper-bounds of a multi-month range in price heading into major US event risk tomorrow. It’s the moment of truth for Loonie.  In my last Canadian Dollar Weekly Price Outlook we…