The Australian dollar weakened further against the US dollar over the course of last week, extending losses beneath the 2019 yearly opening level at 0.7042.
12
May
2019
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11
May
2019
Buddha’s Birthday Holiday 2019
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Dear Trader, Please find our updated Trading schedule for Buddha’s Birthday Holiday on Monday, 13th May 2019. Times mentioned below are Platform time (GMT +3). If you have any questions or require any assistance, please contact one of our support team members via Live Chat, email: support@icmarkets.com, or phone +61 (0)2 8014 4280. Kind regards, IC Markets
10
May
2019
Friday 10th May: Trade and geopolitics continues to dictate currencies.
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Heading into the later phase of Thursday’s segment the market observed a modest recovery take shape, bolstered on the back of commentary from US President Trump stating it was still possible for the US and China to reach a deal this week.
09
May
2019
Thursday 9th May: Dollar steady ahead of Fed Chair Powell speech and PPI figures.
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The DXY, or US dollar index, retained its bid tone yesterday, though remains struggling to overthrow a weekly resistance positioned at 97.72.
08
May
2019
Wednesday 8th May: Greenback grinds north, though has gains capped on trade concerns.
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US equities declined sharply Tuesday, as financial markets contended with the risk of an all-out trade war between China and the United States. The S&P 500 ended the session down 1.65%.