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