Greenback is nearly intact notwithstanding dive on Wall Street
On Wednesday, the evergreen buck stood still notwithstanding a dive in American equities overnight…
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
Bitcoin dives 14%, slumping below $5,000
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
Yuan goes down
On Monday, the Chinese Yuan headed south, while the evergreen buck rallied because US-China relations worsened over the weekend…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
