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The Australian Dollar diverged after the interest rate stabilized

2018-11-06 07:41 am | Resource: News | No Views : 378

 The Australian dollar traded slightly on Tuesday after the Reserve Bank of Australia left its overnight rate unchanged at 1.5%. The Australian central bank said it expected the inflation rate to "gradually" rise in inflation and to reach 3.5% GDP in the next few years.

"Taking into account available information, the Board considered that the monetary policy stance unchanged at this meeting would be consistent with sustainable growth in the economy and achieve the inflation target over time," the bank said in a statement.

Dollar and midterm elections

The dollar index, which tracks the greenback versus a basket of other currencies, rose 0.1% to 96.19 as investors awaited US midterm elections later in the day.

Which was accompanied by the optimism of Trump, the president of the United States, who claimed that "his optimism is witnessing a rocket rise" because of "the best economy in the history of our country." Speaking at a rally in Fort Wayne, the president repeated his earlier claims that the "radical" Democratic Party would "destroy the ball" of the current economy and the future of the country.

Currency divergence during Asian trading
  • AUD / USD remained unchanged at 0.7211 before 04:00 GMT
  • The NZD / USD pair was up 0.1% at 0.6652.
  • Meanwhile, the USD / JPY fell 0.1% to 6.9239
  • The euro was up 0.1% at 113.34. JPY 

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Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 17 April 2019

We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

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