Aussie recovers upon various factors on Friday

Source: WBP Online
© FP
Australian Dollar moved above a 61.8% Fibonacci level, as further depreciation is expected if it moves below this level. John Edwards of the Reserve Bank of Australia gave positive comments on Australian inflation in Wall Street Journal and it boosted the Aussie. Moreover, a jump in crude prices increased interest in high-yield currencies.
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Fri, 20 May 2016 08:46:26 GMT

G7 meeting concentrates on global growth on Friday

Japan is hosting the G7 meeting this weekend. At the meeting main points on the agenda are global economy, fiscal and monetary policy and uncertainties. Monetary policy and currencies are expected to be one of the top priorities. Japan faces a challenge because it has to come up with a common way to boost global economic growth.

Fri, 20 May 2016 07:37:17 GMT

Crude oil rises above $49 on Friday

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