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Forex Today – AUD/USD lower, EUR/USD steady, weak; USD/CAD down  

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AUD/USD lower – Trading has been choppy for the currency pair AUD/USD, at 0.7795, down 0.0040. This after a weakness in early trading in U.S. forex today as traders set their sights on the RBA policy and comments from the U.S. Federal Reserve.

Some market talk with regards data set to come out this week from the Chinese market is attracting some focus. China’s February PMI is scheduled to be posted Tuesday night. Projections are for a reading of 49.5 for China’s February PMI, just a little weaker than 49.7 in January.

EUR/USD steady, weak- The forex pair EUR/USD was at 1.1329, declining 0.0050 during late U.S. currency sessions. Market talk with regards the congressional testimony set Today by the Fed Chair Janet Yellen and rumors about Greece is getting lots of focus. The EUR/USD forex pair has been range-bound and a bit weak during late afternoon trading. 

USD/CAD down – The forex pair USD/CAD was trading at 1.2561, and has moved down Monday afternoon. Prices of crude oil have rebounded a little from recent lows. Market chatter coming out of Nigeria is on a possible emergency OPEC meeting if prices of crude continue to dip.

Market talks for forex today on currency pair USD/CAD about the congressional testimony Tuesday by Federal Reserve Chair Janet Yellen on the condition of the U.S. economy is also persistent.

About Chris Miranda

Chris writes mostly about the latest in the stock market, finance, tech and business.
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