Australian Dollar gathers strength to near 0.7050 as Trump cancels Iran strikes

The AUD/USD pair gains ground to near 0.7040 during the early Asian session on Monday. The Australian Dollar (AUD) strengthens against the US Dollar (USD) on improved risk sentiment after the reports that US President Donald Trump holds off Iran strikes. Traders await the release of China’s RatingDog Manufacturing g Purchasing Managers Index (PMI) report, which is due later…

Read more

The Japanese Yen has a second buyer nobody will name

Thursday’s record Yen defence is the story everyone has written. Friday is the one that matters, because the Dollar has been sold in three separate lurches since the Tokyo morning, nobody has claimed any of them, and the US Treasury has told a number of banks through the New York Fed that it may enter the market and they…

Read more