The U.S. dollar currency pairs continue following correction which is favorable to the dollar after the leading currencies experienced rally in recent days.
Only the Australian dollar seems to demonstrate a more sustainable downward path after the report of the Reserve Bank of Australia in the early hours, which left the door open to an interest rate cut in the coming months. The Australian economy, with strong fundamentals, has a weak spot as it depends on China, its main market. The slowdown of the Asian giant in recent periods added more tension in terms of diplomacy with its neighbor Japan which has increased uncertainty in Australia, and this explains the sharp decline of the Aussie.
The euro has fixed at 1.3020 against the dollar, and the break of this level, which is unlikely for now, could change the upward course of the single currency. The pound is much more stable and has a high probability of rising in the coming hours.
Meanwhile, the yen remains unchanged, lateralized to the dollar and generating small sharp movements in the crosses with the euro and the sterling, lately much broader than the yen rallies.
The Canadian dollar and the Mexican peso are without significant changes, according to oil, which suffered on this eve from a sharp decline, like other commodities.