Aussie and Kiwi dive, although keeping to multi-month highs

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.


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