XE Market Analysis: Reserve Bank of Australia Leave Rates Cautiously on Hold

OVERVIEW The Australian Dollar slumps in value as the Central Bank chooses to leave interest rates on hold with a less hawkish tone.  The US Dollar takes a rest for Independence Day. The Euro continues to consolidate in the 1.13’s against the US Dollar backed up by the recent strong economic data. The Pound weakens as the monthly economic health check by means of the PMI surveys disappoints with weaker than expected manufacturing and construction data. HIGHLIGHT

Source: XE news feed
XE Market Analysis: Reserve Bank of Australia Leave Rates Cautiously on Hold