The Australian dollar edged lower on Monday

2024-07-15

Summary:

On Monday, the dollar rose broadly as traders anticipated a Trump election victory following an attempted assassination of the former president.

EBC Forex Snapshot, 15 Jul 2024

The dollar rose broadly on Monday as trades for a victory by Donald Trump in the upcoming elections gathered steam in the wake of an attempted assassination of the former president.

The Australian dollar edged lower after data showed the world's second-largest economy grew much slower than expected in Q2. China's once-in-five-year gathering of top officials kicked off today.

AUDUSD

Separate figures released earlier in the day showed China's new home prices fell at the fastest pace in nine years in June, with the battered sector struggling to find a bottom despite support measures.

Citibank vs. HSBC Currency Pair Data Comparison
	Citi (as of 8 Jul)		HSBC (as of 15 Jul)
	support	resistance	support	resistance
EUR/USD	1.0666	1.0916	1.0743	1.0990
GBP/USD	1.2616	1.2860	1.2737	1.3120
USD/CHF	0.8827	0.9158	0.8884	0.9023
AUD/USD	0.6595	0.6847	0.6667	0.6848
USD/CAD	1.3577	1.3846	1.3560	1.3729
USD/JPY	156.23	163.40	156.18	160.80

The green numbers in the table indicate that the data has increased compared with the previous time; the red numbers indicate that the data has decreased compared with the previous time; and the black numbers indicate that the data has remained unchanged.

Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

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