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On Tuesday, the Australian and New Zealand dollars ascended versus their American counterpart because traders were looking ahead to the Fed’s anticipated policy meeting.
The currency pair AUD/USD tacked on 0.24% being worth 0.7977.
The Fed is generally believed to leave interest rates intact this week. Evidently, the major US financial institution could provide further indications on when it intends to start unwinding its balance sheet and on any future interest rate decisions.
Additionally, market participants were also monitoring American data on building permits as well as housing starts for further signs on the health of the US housing market.
The currency pair NZD/USD managed to go up 0.44% demonstrating an outcome of 0.7290.
Meanwhile, worries over tensions between the United States and North Korea were still subdued. However, they were prone to resume at any moment.
On Friday, the evergreen buck slumped after Donald Trump had the Federal Reserve heavily criticized for lifting interest rates, although it was still on target for a second winning week…
American multinational companies get down to reevaluating their currency hedging strategies following a leap in the evergreen buck for recent months because the impact of the stronger US currency starts influencing second-quarter corporate profits…
On Wednesday, the British pound headed south to the lowest value for 10 months versus the broadly stronger greenback because suddenly dismal British inflation data decreased chances for an August rate lift by Britain’s key financial institution…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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