The Australian and New Zealand dollars are also falling

The Australian and New Zealand dollars were also affected by the dollar's strength. It was difficult to return the Australian dollar to exceed the level of 0.72, which was surpassed briefly after reading the positive GDP in China, as the currency seemed more comfortable near the level of 0.7150. Australian currency traders are now turning to quarterly inflation numbers next week, which could determine whether the Reserve Bank of Australia will cut interest rates in the near future.

The Canadian dollar may have been the exception because its losses were more contained. The Canadian Dollar was supported by better-than-expected retail sales figures, as earlier CPI figures indicated a rise in core inflation measures in Canada. However, the Canadian dollar remained stuck in a tight range and the USD / CAD pair last traded near the 1.3370 level as traders wait for the Bank of Canada meeting next week for further guidance.

In commodities, US Treasuries rose at four-month lows at $ 1270.63.


Popular posts from this blog

FOREX-Dollar drops after U.S. retail data suggests economic slowdown

E&O posts 3Q net loss on forex loss, holding cost

FOREX-Euro's bounce fades as focus shifts back to economy, ECB policy