Aussie and Kiwi are almost intact vs. greenback after Fed minutes

Aussie and Kiwi are almost intact vs. greenback after Fed minutes

On Thursday, the Australian and New Zealand dollars were nearly intact versus their American rival, right after the minutes of the Fed’s latest policy gathering spurred expectations for a June rate lift.

The currency pair AUD/USD stood still at 0.7499.

The major US bank also indicated that interest rates could be lifted soon, though added that it would be waiting for more American economic data.

The currency pair NZD/USD was nearly intact, keeping to 0.7053, just off last session’s two-month high of 0.7060.

Meanwhile, financial markets were still reviving from Moody’s unexpected decision to have China’s credit rating downgraded for the first time in nearly three decades.

Aside from that Moody’s warned that China’s financial strength will probably weaken in the coming years.

China appears to be Australia’s biggest export partner as well as New Zealand’s second biggest export partner.

Similar

British pound dives to day’s minimums on UK inflation data

On Tuesday, the British pound went down to the day’s minimums versus the evergreen buck due to slowing inflation in December, which slowed for the first time for six months, hinting that the country’s cost of living squeeze relieved…

Aussie and Kiwi are at 4-month peaks vs. weaker US dollar

On Monday, the Australian and New Zealand dollars were keeping to four-month maximums versus their American rival because the broadly stronger common currency kept weighing heavily on the US currency notwithstanding Friday's mostly positive American data…

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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