What news has been happening in the crypto market this week?
AUD/USD declines notwithstanding positive news, Kiwi is intact
On Wednesday, the Australian dollar went down versus its American rival notwithstanding the publication of positive Australian data. Meanwhile, the New Zealand dollar was intact because financial markets paid attention to the minutes of the Fed’s latest policy gathering.
The currency pair AUD/USD slid 0.12% being worth 0.7569, which is not far from the previous session's five-month drop of 0.7532.
Earlier on Wednesday, the Australian Bureau of Statistics informed that construction work done inched up 15.7% during the third quarter, thus ruining hopes for a 2.3% dip.
By the way, in the previous quarter construction work added by 9.8%.
The Australian dollar had sagged after the minutes of the Reserve Bank of Australia's November gathering underlined worries over the slow wage surge.
The currency pair NZD/USD didn’t change, sticking to 0.6832.
Additionally, investors were closely watching the minutes of the Fed's most recent policy gathering, expected to come out a bit later Wednesday. It’s because the given report could provide clues on the pace of potential interest rate lifts.
A lot of political uncertainties are driving the British pound down.
The United States anticipates the release of headline and core durable goods orders on May 24, at 15:30 MT time.
On Monday, gold declined notwithstanding a lower American currency because data underpinned hopes for a Fed interest rate lift…
On Friday, European stock indices fluctuated at the beginning of the trading session…
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.