The Australian dollar is sharply lower on Tuesday. AUD/USD is trading at 0.6732 in the European session, down 0.88% today at the time of writing. Australia’s economy has been sputtering and the markets aren’t expecting much change from second-quarter GDP on Wednesday. GDP is expected to trickle lower to 1% y/y, down from 1.1% in Q1, which was the weakest pace of...
The euro is sharply lower on Monday. In the North American session, EUR/USD is trading at 1.0495, down 0.75%. The euro continues to struggle and has reeled off 10 straight losing weeks, with EUR/USD sliding some 700 basis points during that time. Germany's manufacturing sector continues to struggle. In September, the Manufacturing PMI was revised lower to 39.6...
The euro is in positive territory today after taking a nasty spill on Thursday. In the European session, EUR/USD is trading at 0.9984, up 0.40%. Thursday was a day to file away and move on for the euro, as EUR/USD tumbled 1.07%. The euro is under pressure from a high-flying US dollar and is having trouble staying above the symbolic parity line. A combination of...