Australian Dollar: USD/AUD (AUD=X) rejected by key moving-average, enters into retreat

Australian Dollar: USD/AUD (AUD=X) rejected by key moving-average, enters into retreat The Australian Dollar was on its back foot Wednesday after being repelled from a key technical resistance barrier and as investors bet the Reserve Bank of Australia (RBA) will cut its interest rate again sooner rather than later, but multiple analysts are saying that further losses…

Canadian Dollar: USD/CAD (CAD=X) Wholesale Sales for May were sharply weaker than expected

Canadian Dollar: USD/CAD (CAD=X) Wholesale Sales for May were sharply weaker than expected The Canadian dollar got knocked for a loop yesterday after Canadian Wholesale Sales for May were sharply weaker than expected.Statistics Canada said “Wholesale sales were down 1.8% in May to $63.8 billion, following five consecutive monthly increases. Lower sales were observed in…