European Market Update – Video Analysis

European Market Update – The US dollar has settled higher after falling and then rebounding yesterday, falling on sub-forecast U.S. CPI and retail sales data before rallying back following the Fed’s unexpected outlining of plans to normalize its balance sheet. Aussie settled higher today  following a much stronger than expected May employment report out of Australia, where the headline jobs figure rose 42.0k, well up on the median forecast for a 10.9k rise, while the unemployment rate fell to 5.5% from 5.7%. AUDNZD settled higher as well due to the poor GDP from New Zealand as well.

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Stuart Cowell

Senior Market Analyst


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