On Friday, Bitcoin as well as key crypto assets managed to ascend, thus finding themselves on track for back-to-back winning trading marathons…
AUD/USD sags on dismal data
On Wednesday, the Australian dollar went down versus its American rival following the publication of dismal Australian data. Meanwhile, the New Zealand dollar didn’t change because market sentiment on the US currency was still fragile.
The currency pair AUD/USD edged down 0.59% hitting a five-month minimum of 0.7586.
A bit earlier Wednesday, the Australian Bureau of Statistics informed that wage prices climbed 0.5% during the third quarter, confounding hopes for a leap of 0.7%.
Year-over-year, wage prices tacked on 2% for the last quarter versus expectations for a 2.2% increase.
The currency pair NZD/USD was intact, demonstrating an outcome of 0.6876.
Meanwhile, uncertainty over the fate of a key American tax overhaul kept putting pressure on the US currency notwithstanding the previous session's positive inflation report.
Tuesday’s data disclosed that in October US producer prices inched up by 0.4%, exceeding hopes for a 0.1% leap.
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…