Forexpros – The Australian dollar rallied against its U.S. counterpart on Friday, as investors confidence was boosted after data showed that China's economy expanded in the second quarter. AUD/USD hit 1.0099 on Friday, the pair's lowest …
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Japanese Yen And US Dollar Struggle In Spite Of Weak Michigan …
Japanese Yen And US Dollar Struggle In Spite Of Weak Michigan Confidence Survey | Currency News UK.
Heightened uncertainty weighing on euro zone
FRANKFURT (Reuters) – Economic growth in the euro zone economy is weak and “heightened uncertainty” is weighing on confidence, the European Central Bank said on Thursday in its monthly bulletin, adding that inflation expectations remained firmly anchored. The ECB cut its main benchmark interest rate by a 1/4 point to 0.75 percent last week and lowered its deposit rate, which acts as a floor for …