Sunday, November 1, 2015

Aussie Dollar Opened Lower After Weakest China PMI Print in 7 Years

Aussie Dollar Opened Lower After Weakest China PMI Print in 7 Years

Aussie Dollar Opened Lower After Weakest China PMI Print in 7 Years

Posted: 01 Nov 2015 06:39 PM PST

The Aussie Dollar opened lower against its US counterpart as soft PMI figures from China added to global growth concerns and RBA dovish expectations.

Further EUR/USD Losses Require Data Confirmation of Fed, ECB Divergence

Posted: 01 Nov 2015 12:33 PM PST

EUR/USD has steadied around $1.1000 as it appears both prospects of an ECB deposit rate cut and a Fed rate hike have been priced in. Recent data developments have helped buoy the pair, and a strong October US Nonfarm Payrolls this week is required for the next leg lower to begin.
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