Australian dollar falls on weak data
Australian dollar fell against the greenback on Thursday, following weak economic data.
Market fears over the trade war remain prevalent with no positive signs of negotiations between the United States and China.
US Treasury Secretary Steven Mnuchin said that officials from the United States and China would meet in a new round of trade negotiations next Monday, but did not say he was optimistic about progress in the talks.
Government data showed that Australia's manufacturing PMI fell to 51.4 points last month from 52 points in the previous reading.
In addition, the Australian services PMI fell to 51.9 in June from 52.6 in May.
In terms of trade, at 16:13 GMT, AUD/USD fell by 0.4% to 0.6977, and recorded a high of 0.7007 and a low of 0.6973.
Forex and Currency News
Forex
Dollar tumbles to two-week lows ahead of US growth data
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex
Euro scales 16-year peak against yen
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex
Euro parks at two-week high amid positive sentiment
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 25-04-2024
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows new positive trades now, ...
Forex
The AUDUSD price forecast update 25-04-2024
AUDUSD Price Analysis Expected Scenario The AUDUSD price resumes its positive trading ...
Forex
The GBPUSD forecast update 25-04-2024
GBPUSD Price Analysis Expected Scenario The GBPUSD price rallies upwards strongly to ...