Aussie and Kiwi fluctuate close to multi-year maximums

Aussie and Kiwi fluctuate close to multi-year maximums

On Thursday, the Australian and New Zealand dollars were fluctuating near multi-month maximums after the publication of firm Australian retail sales data and as the US currency was pressured by news that China might stop its American bond purchases.

The currency pair AUD/USD rallied 0.33% being worth 0.7869, having hit a three-month maximum of 0.7886 reached overnight.

The Australian Bureau of Statistics informed that in November retail sales soared by 1.2%, surpassing hopes for a jump of 0.4% and after a 0.5% ascend in October.

The currency pair NZD/USD was intact at 0.7198, which is off last session's four-month maximum of 0.7229.

The US currency weakened broadly reacting to reports that China could slow or even stop its American treasury purchases, with the US currency on track to report its biggest single-day sag versus the Japanese yen for seven weeks.

Assessing the greenback’s value versus a trade-weighted basket of six main currencies, the US dollar index stood still 92.17.

 

Similar

How to trade the JPY?
How to trade the JPY?

Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:

Is Inflation Defeated?
Is Inflation Defeated?

Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.

Who Will Rule the US?
Who Will Rule the US?

The week will have the biggest event in the US political process over the last two years. How will the elections affect the Forex market? We covered the most important news of this week in this report.

Latest news

Market Crash Incoming?
Market Crash Incoming?

This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera