XE Market Analysis: Asia – Jul 04, 2017

The dollar majors traded steadily in quiet trading conditions in the absence of U.S. markets. The Canadian and Australian dollar were the biggest movers, with the former rallying to fresh trend highs following the latest instalment of hawkish BoCspeak, while latter dove after the RBA signalled out exchange rate strength as a hindrance to the economy’s ongoing transition from the mining investment boom. The AUD-CAD closed out in London with a loss of 1.4% as a consequence, which was by far the biggest movement registered on our currency grid.

Source: XE news feed
XE Market Analysis: Asia – Jul 04, 2017