Australian Dollar drops against its US counterpart

Source: WBP Online
The Aussie declined to its lowest price in two months against the US Dollar after the Australian PPI dropped 0.1% during the month of June. Depending on the release concerning the non-farm employment change in the US, with a forecast of 231,000 more jobs, the pair could slump even more. The pair traded at 0.9283 after slipping 0.09%.   
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Fri, 01 Aug 2014 12:54:04 GMT

Euro Zone PMI slightly decreases

According to the reports by Markit published today, the Euro Zone's PMI decreased unexpectedly in July. The manufacturing PMI dropped slightly to 51.8 falling down from 51.9 in the previous month. The Euro Zone's manufacturing PMI was expected to stay unaltered at 51.9, but has declined due to further reduction in French manufacturers.

Fri, 01 Aug 2014 12:32:14 GMT

Cable touches 6-week low on U.K. PMI miss

The Sterling reached the lowest level in six weeks versus the U.S. Dollar following the issue of the disappointing U.K. PMI figures as investors remained prudent ahead of expected U.S. jobs report. GBP/USD reached 1.6840 in the morning, consolidating at 1.6850. The Manufacturing Purchasing Managers' index dropped to 55.4% last month.

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