The U.S. dollar remains at 4-month high, the Australian dollar continues to fall

At night, the ratio of the us dollar to a basket of other major currencies in Asia peaked this year. On Tuesday morning, the dollar retains gains, while the AUD falls amid weaker-than-expected data on retail sales. Trading in China, though were generally positive, with virtually no impact on the index of Australian currency.

The US dollar index reflecting the ratio of the dollar to a basket of six major currencies, 23:55 et (03:55 GMT), rose by 0.05%, reaching a value of 92,66. The night had reached a high this year, 92,82.

One of the key events of the week affecting the us dollar index — the solution to Trump the deal with Iran, which the US President will announce today. Possible withdrawal of the United States from the nuclear agreement will lead to weak predictability of the geopolitical situation in the middle East, against the background of what may occur fall in the dollar. Also the USD will undoubtedly affect the producer price indices (PPI) and consumer inflation (CPI), which is set to be released Wednesday and Thursday respectively.

The dollar/yen fell by 0.06% and reached 109,02. Japanese data for household spending in March was worse than expected, therefore we saw not experts predicted growth of 1.2%, and a fall of 0.7%. The base rate of the yuan against the dollar the people's Bank of China rose yesterday 6,3584 to 6,3674. USD/CNY fell to 6,3656, a decrease of 0.02%.

April exports of the PRC in RMB grew by 3.7% compared to last year. Recall that in March, Chinese exports fell in the national currency by 9.8%.

At the same time, imports in yuan in April grew by 11.6%, which together with the March increase of 5.9% gave 28,72 billion positive trade balance.

AUD/USD fell 0.29% to 0,7493. In March, retail sales in Australia were worse than expected, showing zero growth. Earlier, Australian retail was up 0.6%, and in March it was expected an increase of 0.3%. Compared to the previous period, the decline of the Australian currency looks even more impressive. China is the largest trade partner of Australia, has a strong influence on the AUD. Overall, however, positive data on trading in China on Tuesday has saved the Aussie from falling further.