Aussie keeps going up
On Tuesday, the Australian dollar kept climbing during Asia trade as the RBA left its interest rates intact at 1.75%.
The currency pair AUD/USD was worth 0.7420, showing a 0.73% rise, while USD/JPY traded at 107.77, demonstrating a 0.2%.
Apart from that, in Australia the AIG construction index for May sagged to 46.7. it appeared to be a definite contraction compared to the previous outcome of 50.8. Peter Burn, AI head of policy told the immediate outlook hints at further weakness because new orders sank across all parts of the industry.
Furthermore, China reported its FX reserves for May accounted for $1.254 trillion, down from $1.262 trillion last month.
The U.S. Dollar Index, gauging the strength of the US dollar versus other key currencies, dipped 0.03%, trading at 94.00.
Overnight, the evergreen buck closed almost flat against major currencies when Janet Yellen kept traders on their heels as for the probability of a summer interest rate lift.