Western Union notes in a report on Tuesday: The Aussie dollar's fall below $0.7700 today took it to its weakest since May 2009. Signs of waning economic momentum at home and in China weighed anew on the Aussie. Business …
The Aussie dollar's fall below $0.7700 today took it to its weakest since May 2009. Signs of waning economic momentum at home and in China weighed anew on the Aussie.
Business optimism in Australia deteriorated to a reading of zero in February, the lowest in more than a year, while wholesale inflation in China fell nearly 5 percent in February, fanning worries of a deflationary spiral in prices that could potentially further choke off growth in the world's No. 2 economy.
From an RBA policy perspective, it keeps the door unlocked to further rate cuts, an outlook that contrasts expectations for the Fed to boost rates.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
