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Aussie trades flat in Asia

On Wednesday, the Australian dollar was almost intact during Asia trade, as market participants are quite cautions as for the upcoming Britain’s vote to abandon the EU or remain there.

The currency pair AUD/USD was worth 0.7452, showing a 0.1% surge, while USD/JPY traded at 104.55, tumbling 0.19%. Apart from that, GBP/USD traded at 1.4676, showing a 0.15 leap, while the currency pair EUR/USD acquired up to 0.04% at 1.1246.     

The MI leading index in Australia leapt 0.2% in June, while its previous reading got revised down to 0.1%.

The U.S. dollar index, normally evaluating the greenback’s value against other major six currencies, went down 0.06%, trading at 94.10.

Overnight, the major American currency edged up against other key currencies, following comments by Fed Chair Janet Yellen, though traders remained cautious ahead Thursday’s UK referendum on a probable exit from the European Union.

On Tuesday, in prepared testimony before the Senate Banking Committee, Janet Yellen stressed how the number one US financial institution was thrown off course within weeks of lifting rates last December by a slump in domestic growth as well as international events.


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