FOREX FORECAST FOR 27 JULY

FOREX FORECAST FOR 27 JULY

27 July 2017, 10:24
Real Trade
0
60

AUD/USD

The Australian dollar has updated two-year highs today, by testing the level of 0.8065. Traders are selling the dollar across the market on reaction to the results of the meeting of
the Federal Open Market Committee.

Another reason for growth came from China, where
industrial profits has been published. In June, it grew by 19.1% y/y after growing by 16.7% in May. A good sign for the Australian economy, which is highly depends on exports to this country.


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