The Australian dollar bounced higher again to opening levels after falling in early trading, following Australian labor market data, which came within the expectations adding 14,000 jobs in June and participation rate rose to a 17-month high of 65%. The reason of declining of AUD is the downward revision of the employment change index and unemployment rate. The AUDUSD is now approaching its daily high of 0.7988, which is also its highest level in more than two years.
By CNBC : With the bulk of seats declared in the General Election, no party has gained a clear majority and the U.K. now faces a hung parliament..
By Reuters : Asian stocks handed back earlier modest gains and drifted lower on Monday, running short of incentives to push past two-year highs with many key markets closed for holidays.
British Prime Minister Theresa May described Monday's explosion in Manchester city as "callous terrorist attack" that killed 22 people and injured 59 others in the city's hospitals. The ISIS has claimed responsibility but has not provided any evidence.
By CNBC : The explosion outside Manchester Arena on Monday night that killed 22 people was a "callous terrorist attack", U.K. Prime Minister Theresa May told the media after chairing an emergency security meeting.
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