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- FX Empire
AUD/USD Forex Technical Analysis – Strengthens Over .7099, Weakens Under .7047
The Aussie was not helped by data showing Australian business investment fell 0.9% in the first quarter when analysts had looked for a rise of 1.5%.
- Investing.com
Ruble Eases Off Highs as Russian Central Bank Cuts Key Rate to 11% Vs 14%
By Geoffrey Smith
- Investing.com
Dollar Edges Higher; U.S. GDP Quarterly Data Due
The U.S. dollar edged higher in early European trade Thursday, but remained near a one-month low amid concerns aggressive tightening by the Federal Reserve may already be slowing economic growth. The minutes from the early May Fed meeting, released Wednesday, indicated that the central bank policymakers will be sticking to a plan to raise rates by a half-percentage point at its next two meetings starting next month, largely as expected. The scaling back of Fed tightening bets has followed slowing economic growth, with new home sales falling almost 17% last month and retailers reporting disappointing results as consumers scale back discretionary spending as the prices of essentials like food and petrol soar.
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