The evergreen buck came off Wednesday’s peak in Europe trade, although it’s still firm enough against the backdrop of the news telling that the American economy still demonstrates decent strength…
Aussie and Kiwi dive, although keeping to multi-month highs
On Monday, the Australian and New Zealand dollars lost versus their American rival because the US currency mildly revived from recent losses notwithstanding it kept hovering near three-year minimums versus a basket of key currencies.
The currency pair AUD/USD slid 0.18% being worth 0.8094, which is off Friday's 32-month maximum of 0.8137.
The US currency gained some support after Friday’s data disclosed that American durable goods orders tacked on by 2.9% in December, while real consumer spending soared 3.8% for the fourth quarter.
However, market sentiment on the greenback was still fragile after the previous week US Treasury Secretary Steven Mnuchin told that a weaker greenback was quite positive for US trade.
The currency pair NZD/USD dived 0.15% hitting 0.7339, while still hovering near the previous week's four-month peak of 0.7438.
The US dollar index that gauges the US currency’s value versus a basket of six key currencies, stood still, showing an outcome of 88.92.
The United States will publish the level of quarterly advance GDP growth on April 26, at 15:30 MT time.
On Thursday, the common currency nursed losses versus the evergreen buck having slumped to a 22-month minimum on a shocking dive in a leading gauge of economic activity in Germany, boosting fears a deceleration in the EU’s number one economy…
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…