The US. Dollar has slipped during forex with the Japanese Yen and the Euro as traders anticipate the release of US. housing data. Housing data released tonight may have unexpected figures thus further increasing concerns regarding the US. slowing economy. Another concern involving the US. Dollar during trading week, is the possibility of a vote against the Senate for trade sanctions against China.
In the foreign exchange this morning in Syndey, the US. Dollar was down 116.54 Japanese Yen from 116.56 in New York Trading on friday. Forex with the Euro traded at 1.2790 US. Dollars from 1.2784 US. Dollars.
Commonwealth Bank currency strategist Besa Deda said that the release on home sales data for August will determine the US. Dollar as the housing market is a risk to the economy. Other currency strategists from the National Australian Bank (NAB) have stated that expectations that of a falling US. economy are putting pressure on the Australian Dollar.
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