ECB drops rates as the European economy slows down

In short AUD to EUR remains unchanged overnight The European Central Bank (ECB) is concerned about Europes economy and cut interest rates Weak inflation data out of the USA Time Open High Low Today 0.6207 Yesterday 0.6223 0.6231 0.6201 In the last week 0.6199 0.6249 0.6199 In the 3 months 0.6130 0.6280 0.6025

Is the AUD to USD running out of gas?

In short AUD to USD falls overnight to start the day at 0.6860 The European Central Bank (ECB) is concerned about Europes economy and cut interest rates The US / China trade war continues to dominate and influence markets Time Open High Low Today 0.6864 Yesterday 0.6874 0.6879 0.6860 In the last week 0.6851 0.6881 0.6848 In the 3 months 0.6871 0.7044 0.6710 The Australian dollar fell slightly overnight after hitting a 6-week high yesterday of 0.6893 Most of the markets attention was on the European Central Bank (ECB) which cut interest rates and announced it would reintroduce a large […]