AUD/USD rally ahead of RBA rate decision

We have seen a slight recover in the pair bouncing off of it’s one week low of 0.7075 to 0.7132. However USD strengthening on the back of Monday’s ISM Manufacturing PMI figures coming in better that expected, injecting some confidence that the US economy can withstand anything the virus throw at it. Whilst positive data […]

US ISM Manufacturing figures

The US’ manufacturing sector performs better than the market expectation of 53.6. Beating June’s PMI’s performance of 52.6 and rising to 53.6. So far we see the market reacting positively by pushing the currency to 93.75.