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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.
On Monday, the US currency declined to a two-week minimum versus the Japanese yen because a latest flare-up in global trade worries affected investor risk appetites and suppressed American yields…
On Friday, the common currency was still high because the evergreen buck declined and trade worries didn’t recede…
On Friday, the evergreen buck drifted away from a 11-month maximum against the group of its key rivals due to the fact that market participants recorded gains after the greenback’s leap…
On Monday, Asian shares shook off a sluggish start and stabilized, with Japan outperforming on positive earnings…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
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