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US dollar gains ahead of the key data

2:26 PM 1 October 2019

Weak global data and RBA interest rate cut are weighing on currencies today leaving the US dollar to bear the brunt of adjustment. Indeed the AUDUSD is down 0.95% and tests 2019 low while USDZAR gains 1.1% after the South African PMI slid to a recessionary 41.6 points. Meanwhile, investors in the US are awaiting the key ISM report in a hope that it recovers to expansion after dipping below 50 points mark in August. The report will be released at 3pm BST.   

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