While many currencies pulled ahead of the greenback, the Aussie dollar largely sat idle after weak data from China weighed. The Aussie eased off its highest level in close to a month after a key gauge of China manufactur…
While many currencies pulled ahead of the greenback, the Aussie dollar largely sat idle after weak data from China weighed. The Aussie eased off its highest level in close to a month after a key gauge of China manufacturing contracted in March, slipping under 50 to 49.2, the weakest in 11 months.
The slower the world's No. 2 economy fares, the more of a headwind it can put on Australia's economy, given the nations' close trade ties.
Meanwhile, the Aussie's recent rebound might make the RBA more inclined to cut rates at a coming meeting to help its export geared economy. The next RBA meeting is set for April 7.
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…
