Australia Composite & Services PMI Declines to New Low
The Aussie rallied against the greenback despite the data published by the Ai Group indicated a steep fall in the Australian Performance of Construction Index. Likewise, the composite and services PMI (purchasing managers’ index) also recorded a historical low reading.
Read MoreUS Manufacturing Shrinks to Lowest Level in 11yrs
The euro hit $1.0994 Friday, reflecting the highest level since last month, after the European Central Bank maintained its benchmark interest rates, while reducing the interest rate on emergency loan scheme for banks. Investors were anticipating the central bank to
Read More
