Aussie and Kiwi ascend versus broadly weaker greenback

Aussie and Kiwi ascend versus broadly weaker greenback

On Wednesday, the Australian and New Zealand dollars tacked on versus their US rival because American political concerns kept weighing heavily on the US currency.

The currency pair AUD/USD grew 0.13%, trading at 0.7435.

The evergreen buck slid broadly, reacting to reports that Donald Trump dared to share secret intelligence with Russia's foreign minister the previous week.

The greenback came under further selling pressure, following news that Trump asked ex-FBI Director James Comey to cease the agency's investigation into ties between Russia and ex-White House national security adviser Michael Flynn.

Financial markets were still reviving from Trump’s decision the previous week to have James Comey sacked and amid congressional calls for an immediate independent investigation of hypothetical Russian interference with the American election.

The currency pair NZD/USD tacked on 0.15%, trading at 0.6923, thus demonstrating highest value since May 11.

 

Similar

Will the CPI Crash the USD?
Will the CPI Crash the USD?

 The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!

Latest news

No More US Debts in Sight
No More US Debts in Sight

The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.

Gold Rises as Central Banks Buy More
Gold Rises as Central Banks Buy More

About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.

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