Dollar mostly holds onto gains, Aussie lower as RBA holdssteemCreated with Sketch.

in #forex7 years ago

The dollar Tuesday mostly held onto overnight gains after a data boost, with trading expected to be light due to the fourth of July holiday.
The dollar index was flat at 95.95 at 02:45 ET after touching the 96 mark.
The dollar consolidated gains overnight after U.S. manufacturing activity topped expectations in June.
That boosted expectations of a further U.S. rate hike later this year.
The FOMC is due to release the minutes of its latest meeting on Wednesday.
The Aussie was lower as the Reserve Bank of Australia as expected left its monetary policy on hold.
The dollar was also boosted overnight by a retreat in the euro and the pound.
The (pound) was trading below $1.30 and the euro below $1.14.
The dollar retreated against the yen after earlier moving well above the 113 mark.
The Japanese currency was buoyed by safe-haven buying after North Korea launched another missile.

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