On Friday, the greenback rallied because traders shifted their focus to the highly-anticipated Federal Reserve rate lift already next week, notwithstanding uncertainty over next year’s rate lifts kept gains in check…
AUD/USD is intact, Kiwi slides in late trade
On Monday, the Australian dollar was a bit changed versus its American rival, while the New Zealand dollar went down because expectations for American rate lift in December kept backing the US dollar, though renewed geopolitical tensions put pressure.
Trading volumes were generally believed to remain thin with American markets unavailable for Columbus Day.
The currency pair AUD/USD didn’t change, sticking to 0.7763, which is not far from Friday's three-month minimum of 0.7732.
The US currency rebounded reacting to reports on Friday that North Korea is on the way to another test of a long-range missile. It drastically contributed to concerns over a potential war in this Asian region.
However, the US currency was still broadly backed because the wage data from Friday's American jobs report was considered to be an inflation driver.
In September, the American economy lost up to 33,000 jobs, as the Labor Department informed.
The currency pair NZD/USD edged down 0.21% being worth 0.7074.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
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…
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…