Aussie and Kiwi dip as greenback mildly revives

Aussie and Kiwi dip as greenback mildly revives

On Thursday, the Australian and New Zealand dollars slumped versus their American rival the greenback moderately revived from recent dips ahead of the Jackson Hole summit due to start later in the day.

The currency pair AUD/USD went down 0.13% being worth 0.7893.

Traders were also looking ahead to this week's annual gathering of key bankers and financial experts in Jackson Hole where the heads of the American as well as European major financial institutions will be making decisive speeches.

Market participants are especially waiting for speeches from Fed Chair Janet Yellen and also European Central Bank Governor Mario Draghi on Friday. However, none of them is supposed to roll out fresh policy messages.

The currency pair NZD/USD tumbled 0.14 % trading at 0.7217, off the previous session's six-week dips of 0.7198.

The US currency had slumped after the US Commerce Department told on Wednesday that fresh home sales suddenly sagged in July.


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