The Greenback has Fallen Amid US-Sino Trade Tensions

Daily Update - 7th May 2019

Yesterday’s Market

• Euro Markit Composite PMI & Retail Sales

Yesterday’s Explained

Common currency euro boosted further against the dollar weighing down after Trump’s comments on US Trade Tariffs against China of around $200 billion goods of at least minimum 25% Tariffs.

 

Today’s Market

• Australian Interest Rate Decision & Monetary Statement

Today’s Focus

Markets remain quiet for yet another day and the only major top-tier data which will be released is from Australia’s Rate Decision and Rate Statement which will give the Investors and insight on their current economic status and their future projections