United States Wholesale Inventories above expectations (0.4%) in June: Actual (0.9%)

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Aug 11, 2015

AUD/USD challenges support at 0.7300

The Australian dollar is looking to stabilize around 0.7300 after plunging more than a full cent on the back of People’s Bank of China surprise devaluation of the yuan on Tuesday.

NZD/USD breaks range and hits fresh lows

NZD/USD extended losses during the American session and dropped to 0.6520, reaching the lowest level since last Thursday. The pair holds a bearish tone weakened by the announcement from the PBoC.