The Australian Dollar (AUD) has been on a steady decline against the US dollar in recent months, but the currency has been rallying recently. The AUD/USD pair is now trading at a three-week high and has a strong positive correlation with the Japanese yen. However, there are still a number of factors affecting its value, […]

The US Dollar and EUR/USD both traded sideways on Monday, with both currency pairs moving down from their highs. The US Dollar was also affected by weaker economic data. On Friday, the US Producer Price Index came in at a slower rate than expected. This could put the Federal Reserve’s upcoming hike in doubt. However, […]