The Dollar was very mixed the week before last but has gained wide enough strength to be advancing now almost everywhere: Trading Forecast Forex
. The price rose by 0.17%, producing a small loss.These trades produced a small overall averaged win of 0.14%.
Another significant event was Friday’s strong US jobs data, which emphasized that the US economy is still quite hot, making it seems more likely that further rate hikes will be required soon, strengthening the bearish case in stock markets. RBA Cash Rate & Rate Statement – the RBA hiked rates by only 0.25% when a hike of 0.50% was widely expected, sending the Aussie lower over the week.US JOLTS Job Openings – this data came in worse than had been expected.
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