Daily Morning Report - Tuesday- 15/10/2013 By TradingForex.com
 

The U.S. dollar was mixed against its major rivals during Tuesday’s Asian session as traders monitored news out of Washington, D.C. regarding the possibility of an announcement that will reopen the government.

Elsewhere, Australian raced to its highest levels against the U.S. dollar since June following the release of minutes from the most recent Reserve Bank of Australia meeting. RBA left interest rates unchanged at 2.5% at its last meeting, but it has slashed rates by 225 basis points over the past two years and the door is still open to further rate cuts.

Later Tuesday, the ZEW Institute is to release its closely watched report on German economic sentiment, a leading indicator of economic health, as well as data on economic sentiment in the wider euro zone. The euro zone is to release official data on industrial production. In the U.K the Office for National Statistics will release the Consumer Price Index

By TradingForex