Category forex

Canadian Dollar Falls

Falling oil prices counter weak USD The Canadian Dollar has drifted lower due to falling oil prices. The USD/CAD pair started the week on a positive note but lacks conviction. Spot prices are around the 1.4030 region, up less than 0.10% for the day amid mix

Australia Dollar Holds Gains

AUD remains strong after China's PMI data The Australian Dollar maintained its gains, supported by economic developments in China. China's RatingDog Manufacturing PMI eased to 50.9 in July from 51.7 in June. The US Dollar struggles against major peers follo

Japan Intervenes With US

Japan and the US intervene jointly The Japanese Yen rose above 155.50. The USD/JPY pair fell to near 155.45, the lowest since May 6. The intervention sparked buyer interest in the Japanese Yen.