Tuesday, 4 August 2015

XE Market Analysis: North America - Aug 04, 2015

The dollar traded mixed, moderately firmer against the euro and sterling, the latter of which dipped on an unexpectedly decline in UK construction PMI, while the greenback held steady against the yen and fell versus an outperforming Aussie dollar, which rallied after the RBA expressed that it is happier with the currency's levels in its post-policy meeting statement. EUR-USD drifted to a two-day low of 1.0932 before recouping to the mid-1.09s, Cable dipped to a low of 1.5370 and USD-JPY continued to orbit the 124.00 level. AUD-USD, meanwhile, rallied to a 12-day high of 0.7395.



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