Japan’s export increased in 2021 but not as high due to lower US exports. Australia's unemployment rate fell to 5.6% from 5.8%. Australia plans to increase Covid immunization as it spurs economic growth. The AUD/JPY pair opened on a +0.49% price increase as of April 19, 2021, from the previous day trading. The currency was on a three-day bull run following a … [Read more...] about AUD/JPY: Employment Is Up, so Is the Australian Dollar
Forex News
USD/RUB: Dollar Glories in Higher Industrial Production Amid New Sanctions
Industrial production in the US grew 1.4% in March 2021 against Russia’s at 1.1%. The price of natural gas on April 15, 2021, stood at 2.662 (+0.15%) from the previous day. US imports from Russia are expected to fall below $17.7 billion in 2021. The USD/RUB pair closed at a +0.71% price change on April 15, 2020, from the previous day after the ruble lost ground … [Read more...] about USD/RUB: Dollar Glories in Higher Industrial Production Amid New Sanctions
The U.S. To Discuss Currency Valuations and External Imbalances with Taiwan
The United States is set to hold talks with Taiwan over currency valuations and external imbalances, the WSJ reported. The Treasury determined that there is "insufficient evidence" to make a finding that Vietnam, Switzerland, or Taiwan manipulates its exchange rate.The department said it will continue talks with the countries which were designated as currency manipulators … [Read more...] about The U.S. To Discuss Currency Valuations and External Imbalances with Taiwan
U.S. Housing Starts Soar 30.7% In March
Construction of new homes in the United States rose by 30.7% year-on-year in March, according to data released by the Census Bureau. Privately-owned housing starts were at 1.739 million from the 1.269 million in March 2020. This is also 19.4% above the revised February estimated of 1.457 million.Single-family housing starts gained 15.3% to 1.238 million from 1.074 million in … [Read more...] about U.S. Housing Starts Soar 30.7% In March
The US Dollar Underperforms the Majors, the Russian Ruble Already Feeling the Impact of Sanctions From Washington
The United States has formally accused the SVR, a Russian foreign intelligence service, of the SolarWinds hack carried out early this year. Consequently, the US government is initiating a range of sanctions against targeted Russian businesses and individuals. Now, certain companies and debt with Russian ties are blacklisted from the US-led global financial ecosystem.As soon as … [Read more...] about The US Dollar Underperforms the Majors, the Russian Ruble Already Feeling the Impact of Sanctions From Washington
