This is what you need to know to trade today tuesday september 5:
After the erratic session on Monday, markets appear to have turned cautious early on Tuesday. The Australian dollar remains under strong bearish pressure following the Reserve Bank of Australia (RBA) monetary policy announcement and the US dollar benefits from risk aversion sentiment. S&P Global will publish the PMI data revisions August, Eurostat will publish the data for the Producer Price Index (PPI) for July and the US economic agenda will include factory orders July later in the day.
After the monetary policy meeting in September, the RBA has announced that it was keeping the official interest rate at 4.10%, as expected. In its statement, the bank has reiterated that “a further tightening of monetary policy may be necessary” and has indicated that the increase in interest rates is helping to establish a “more sustainable balance” between supply and demand. The pair AUD/USD it has tumbled after the RBA statement and is now down 1.3% on the day, sitting at 0.6375.
Current price of the Australian dollar
Below is the percentage change of the Australian Dollar (AUD) against the currencies listed today.
| USD | USD | GBP | CAD | AUD | JPY | USD | CHF | |
| USD | 0.26% | 0.37% | 0.40% | 1.26% | 0.27% | 0.92% | 0.22% | |
| USD | -0.27% | 0.13% | 0.15% | 1.02% | 0.02% | 0.68% | -0.03% | |
| GBP | -0.39% | -0.11% | 0.02% | 0.89% | -0.10% | 0.55% | -0.16% | |
| CAD | -0.42% | -0.15% | -0.02% | 0.85% | -0.10% | 0.55% | -0.17% | |
| AUD | -1.27% | -1.03% | -0.90% | -0.87% | -1.00% | -0.34% | -1.06% | |
| JPY | -0.26% | 0.00% | 0.12% | 0.15% | 1.01% | 0.67% | -0.04% | |
| USD | -0.96% | -0.65% | -0.56% | -0.49% | 0.38% | -0.66% | -0.66% | |
| CHF | -0.22% | 0.02% | 0.18% | 0.17% | 1.03% | 0.04% | 0.69% |
The heat map shows the percentage changes of major currencies against each other. The base currency is chosen in the left column, while the quote currency is chosen in the top row. For example, if you choose the Euro in the left column and move across the horizontal line to the Japanese Yen, the percentage change in the box will represent EUR (base)/JPY (quote).
Meanwhile, data from China has shown that the Caixin services PMI declined to 51.8 in August from 54.1, reigniting concerns about a slowdown in the Chinese economy. Reflecting the sour mood in the markets, the Shanghai Composite Index fell nearly 1% and the Hang Seng Index lost nearly 2%.
Following a three-day weekend, US stock index futures are down 0.3% at time of writing. He DXY Dollar Index It is trading at its highest level since late May, near 104.50, and the 10-year US Treasury yield is flat, near 4.2%.
Pressured by the renewed strength of the dollar, the EUR/USD it started to decline early in the European morning and is now trading near 1.0770.
He GBP/USD closed the first day of the week in positive territory, but returned below 1.2600 early Tuesday, erasing all gains posted on Monday.
He USD/JPY gained traction early on Tuesday and advanced to the 147.00 area. He Japan’s Jibun Bank Services PMI stood at 54.3coinciding with the preliminary estimate and market expectations.
The price of Gold closed flat near $1,940 on Monday but came under slight downward pressure early Tuesday, with the 10-year US Treasury yield holding steady after Friday’s rally.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
