The Australian dollar rallied against its major peers during the first trading session of September even though macroeconomic data (both domestic and overseas) was not particularly supportive for the currency. Data from China, Australia’s main trading partner, was mixed. The official report showed that Chinese manufacturing returned to growth in August. Yet the private data revealed that the manufacturing sector stalled as the Caixin Purchasing Managers’ Index retreated … “Australian Dollar Higher Even Without Support from Economic Data”
Month: September 2016
Jackson Hole ends summer lull in the currency markets
Yellen’s speech as Jackson Hole sparks dollar buying August payrolls report could either be the catalyst to shape expectations for September rate hike FOMC and BoJ are the two main central bank meetings to watch this September ECB could most likely remain on the sidelines USDJPY could see strong moves into the two main policy … “Jackson Hole ends summer lull in the currency markets”