Why is "kangaroo" sad?


The nearest prospects of the Australian dollar appeared to be most expected from the fundamental positions.The US dollar index rose 0.45% yesterday, while gold corresponds to the closing Monday, iron ore lost 0.85% ($ 65.70 per tonne), and aluminum fell 0.79%. The number of issued permits for new construction in April decreased by 5.0% against the forecast of -2.9%. Also, the United States breaks the most recently reached agreements with China to expand trade, and decided to keep a 25% tariff on Chinese imports with a volume of $50 billion. The Chinese Shanghai Composite index fall today by 1.77%. The Australian S&P / ASX 200 loses 0.59%. We are expecting for further reduction on the "Australian" currency to 0.7440 and in the range of 0.7375 / 85.


* The presented market analysis is informative and does not constitute a guide to the transaction.

The material has been provided by InstaForex Company - www.instaforex.com