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Preview: US: Personal Income And Spending – SEB

US: Personal Income And Spending - Tue - 8/2 - 08:30 AM ET

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Aussie weakens as RBA cuts rates; US data unable to appease USD

Yesterday Chinese manufacturing PMI eased marginally lower breaching 50 levels and going into contraction; in the US ISM Manufacturing for July came out at 52.6 marginally lower than the previous 53.2 but still in growth territory and showing some stabilization.

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AUDUSD – Aussie Dollar Approaching Support

Key Points

  • The Aussie dollar after trading higher towards the 0.7615 against the US Dollar found sellers.
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EURJPY – Euro Eyeing a Break Vs Japanese Yen

Key Points

  • The Euro today faced a lot of sellers against the Japanese yen and traded down.
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