OctaFX | OctaFX Forex Broker
Open trading account

Australia New Motor Vehicle Sales (YoY) decreases to 9.4% in Feb from 10.9%

Forex: AUD/USD holding the fall above 1.0350

Aussie has dipped against USD today in early Asia-Pacific from previous Friday's weekly close above the 1.04 mark, last at 1.0354, off 1.0341 session lows, on the back of market fears from Cyprus bail-out news coming out of the EU. The pair is down -0.51% for the day so far, while local share markets are selling off on this new risk-off mode. Oil is down to fresh session/2-day lows around the $92 mark, while Gold spiked above the $1.6k figure, highest in last 3 weeks.
Read more Previous

Forex Flash: Cyprus to trigger unintended consequences across Europe - Westpac

According to Westpac strategist Robert Rennie, the Cyprus bailout announcement and the possible consequences on bank depositors on the proposed tax "is likely to generate unintended consequences across Europe."
Read more Next
Start livechat