Aussie and Kiwi are nearly intact versus greenback in late trade

Aussie and Kiwi are nearly intact versus greenback in late trade

On Monday, the Australian and New Zealand dollars stood still versus their American rival because the greenback mildly revived notwithstanding everlasting uncertainty over the fate of a key US tax overhaul.

The currency pair AUD/USD was intact sticking to 0.7664.

On Thursday, Senate Republicans disclosed a tax plan that greatly differed from the one offered by House Republicans, showing the challenges to reconciling the major differences between the two plans with a short time period before the year-end deadline they’ve already set to pass it.

Expectations of tax reform have helped to spur the greenback since mid-September. Some market participants are assured that tax reforms could back surge, adding pressure on the Fed to lift interest rates, dubbed the "Trumpflation" trade.

The currency pair NZD/USD didn’t change showing 0.6935.

Meanwhile, the US dollar index, tracking the greenback’s value versus a basket of six crucial currencies, gained 0.15% being worth 94.44.

 

Similar

How to trade the JPY?
How to trade the JPY?

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

Is Inflation Defeated?
Is Inflation Defeated?

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.

Who Will Rule the US?
Who Will Rule the US?

The week will have the biggest event in the US political process over the last two years. How will the elections affect the Forex market? We covered the most important news of this week in this report.

Latest news

Market Crash Incoming?
Market Crash Incoming?

This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

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