At the opening of the US stock exchange, the euro was up against both the dollar and the yen. The reason for this increase is the good German data on industrial orders which recorded a +3,8% in June, beating the forecasts of a limited increase of +1%.
The single currency managed to climb to $1,33, hitting 1,3316 around 17:00 pm today, and managed to hold the position even after the positive data on the US trade deficit.
However, especially in the previous hours, the main movement on the Forefox was that of the Australian dollar which also affected the US dollar quotations. The kiwi rose after Sydney's central bank cut its key rate this morning to an all-time low of 2,5%. The Australian dollar was at 0,8976 US dollars, up 0,53%.
The US dollar, at 17:00 today, is not only losing against the euro and the Australian dollar but also down against the yen by 0.71%.
