This is the most important news in the Forex market today.
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.
During today's press conference, the ECB president said that the data was "somewhat" better than the expectations in the first quarter. T
Australia will release the level of employment change and unemployment rate on June 13, at 4:30 MT time.
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…