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.

 

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