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.


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