Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
Aussie and Kiwi go down, as dismal Australian data weighs
On Thursday, the Australian and New Zealand dollars slumped versus their American rival after the publication of gloomy Australian trade data. Additionally, demand for the US currency was still broadly underpinned.
The currency pair AUD/USD went down 0.34% being worth 0.7537, which is the lowest reading since November 21.
According to the Australian Bureau of Statistics, in October, the trade surplus declined to A$0.105 billion from September’s outcome of A$1.604, whose figure was updated from a previously estimated reading of A$1.745 billion.
As a matter of fact, market experts had hoped that the trade surplus would decline to about A$1.401 billion in October.
The currency pair NZD/USD inched down 0.55% demonstrating an outcome of 0.6844.
The greenback gained underpinned by Wednesday’s data, which showed that in November, the American private sector generated up to 190,000 jobs.
Risk-on is back on the market. Riskier currencies and stocks are in favor. Gold is rising too as investors try to hedge.
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
Congratulations! Gold has just opened a new era... or, rather, reopened...