On Friday, Bitcoin as well as key crypto assets managed to ascend, thus finding themselves on track for back-to-back winning trading marathons…
Aussie and Kiwi decline versus stronger US dollar
On Monday, the Australian and New Zealand dollars headed south because the vote of a major American tax bill gave broad support to the US currency, although new political turmoil in Washington was believed to restrict revenues.
The currency pair slid 0.38% being worth 0.7582.
The US currency managed to strengthen right after the US Senate officially approved a tax overhaul on Friday, thus marking President Donald Trump first key political win.
As the Trump administration announced, its tax cuts will spur surge and drive inflation that market participants hope will ensure a faster tempo of monetary tightening by the key US bank.
In Australia, fresh economic reports disclosed that company operating revenues went down 0.2% in the third quarter. The given outcome confounded hopes for a 0.2% soar.
The currency pair NZD/USD edged down 0.70% trading at 0.6842.
Gauging the greenback’s value versus a basket of six key currencies, the US dollar index gained 0.52% being worth 93.30.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…