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  • North American Edition2016-05-31 10:56 UTC

    The dollar has traded mostly softer today, correcting after gaining on Monday. AUD-USD led the way from the Sydney session following Australian data showing that exports made a 1.1 percentage point contribution to Q1 GDP, up from a zero contribution in the previous quarter and above the consensus view for a 0.7 percentage point outcome. This sent economists scurrying to upgrade GDP forecasts ahead of tomorrow's release of growth data for the March ... Read More 

  • European Edition2016-05-31 07:10 UTC

    The Aussie outperformed today after data showed exports made a 1.1 percentage point contribution to Q1 GDP, up from a zero contribution in the previous quarter and above the consensus view for a 0.7 percentage point outcome. This sent economists scurrying to upgrade GDP forecasts ahead of tomorrow's release of growth data for the March quarter. AUD-USD was showing a 0.9% gain at the London forex market open, at 0.7245, having logged an eight-day peak at ... Read More 

  • Asian Edition2016-05-31 18:08 UTC

    Aside from USD-JPY, the dollar was mostly firmer in N.Y. trade on Tuesday. The session started with in-line earnings, and better than expected consumption data, which helped sentiment initially. Softer consumer confidence and Chicago PMI numbers however, turned the tide on Wall Street sending stocks mostly lower. EUR-USD topped at 1.1173 following the weaker data, though made its way to 1.1125 into the London close. USD-JPY didn't like the downturn in ... Read More 

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