AUD/USD edges down

AUD/USD edges down

On Monday, the Australian and New Zealand dollar went down because Friday’s positive data kept backing demand for the US currency. However, rumors over the next Fed Chair restricted the greenback’s gains.    

The currency pair AUD/USD dipped 0.12% hitting 0.7668, which is not far from Friday's three-month minimum of 0.7625.

The greenback was still underpinned after on Friday the Commerce Department told that the American economy ascended t a 3% annual rate during the third quarter, which is better than estimates for surge of 2.5%.

The stronger-than-anticipated outcome actually underlined the case for the major US bank to lift interest rates before the end of 2017.

The US currency had already obtained a boost on Thursday right after House Republicans managed to pass a budget blueprint for next year. Some market participants are assured that tax reforms could stimulate surge and help the Fed to lift rates at a faster pace.

NZD/USD slumped 0.68% hitting 0.6840.

Similar

How to trade the JPY?
How to trade the JPY?

Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:

Is Inflation Defeated?
Is Inflation Defeated?

Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.

Who Will Rule the US?
Who Will Rule the US?

The week will have the biggest event in the US political process over the last two years. How will the elections affect the Forex market? We covered the most important news of this week in this report.

Latest news

China Stocks are About to Jump
China Stocks are About to Jump

It’s Wednesday, my fellow traders! The day is filled with news and events you need to know, and here’re some of them.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera