On Thursday, the Australian along with New Zealand dollars edged up versus their American counterpart because market sentiment on the US dollar remained fragile after Donald Trump provided no specific details on his tax reform, thus disappointing traders.
The currency pair AUD/USD gained 0.19%, being worth 0.7488, easing off a three-month minimum of 0.7452 reached on Wednesday.
Market participants obtained no extra information on the highly-anticipated American tax reform on Wednesday because Donald Trump repeated that the income tax rate paid by public corporations is going to be reduced to 15% from 35%.
Aside from Trump confirmed plans to diminish the top tax rate assessed on pass-through businesses, such as small partnerships as well as sole proprietorships, from 39.6% to 15%.
The currency pair NZD/USD managed to gain 0.38%, trading at 0.6915, off the previous session’s four-month minimum of 0.6868.
On Wednesday, the British pound headed south to the lowest value for 10 months versus the broadly stronger greenback because suddenly dismal British inflation data decreased chances for an August rate lift by Britain’s key financial institution…
On Wednesday, the evergreen buck managed to jump because Fed Chair Jerome Powell came up with an upbeat assessment of the American economy at his Tuesday’s semi-annual congressional testimony…
On Tuesday, the evergreen buck declined ahead of congressional testimony by Fed Chair Jerome Powell that market participants are going to scrutinize for signs on the tempo of American interest rate lifts as well as risks coming from trade clashes…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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