The Australian dollar advanced today, rising for the fifth straight trading session versus its US counterpart, as the nation’s central bank maintained status-quo, changing neither the current monetary policy nor the outlook for interest rates. Manufacturing data from China added to positive factors for the Aussie. The Reserve Bank of Australia left its main interest rate at 2.5 percent at today’s meeting, and such decision was widely expected by market participants. The central … “Aussie Rises After RBA, China Adds to Bullishness”
Month: July 2014
Australia’s regulators publish conventions for currency market
By Mike Fox Australia’s regulators published conventions for the currency market, underscoring a push to shore up standards in the $5.3 trillion-a-day industry. The Australian Foreign Exchange Committee and the Australian Financial Markets … Source: Leap Rate
Forex Crunch Key Metrics June 2014
The sixth month of the year continued the stagnation seen in previous months and goes along with the lack of fresh volatility, even though the situation didn’t deteriorate. Year over year, the figures are lower than June. Here are the numbers: Website: Page Views: 436,888. Visits: 191,400. Visitors: 67,646. Time on Site: 2:42. Average Pageviews/Visit: 2.28. Bounce … “Forex Crunch Key Metrics June 2014”