Aussie and kiwi inch up vs. greenback amid American political jitters

Aussie and kiwi inch up vs. greenback amid American political jitters

On Wednesday, the Australian and New Zealand dollars soared versus its American rival amid fresh political jitters in America, though hopes for a June rate lift by the Fed still gave support to the evergreen buck.

The currency pair AUD/USD grew 0.22%, showing 0.7358, off the previous session’s four-month minimum of 0.7326.

Donald Trump unexpectedly had FBI Director James Comey sacked.

During the 2016 US presidential campaign Comey had been pursuing his agency's investigation into alleged Russian meddling in election and probable collusion with Trump's campaign.

The currency pair NZD/USD soared 0.16%, being worth 0.6906

However, market sentiment on the US dollar was still upbeat after on Tuesday Kansas City Fed President Esther George told that the major US financial institution should keep gradually lifting short-term interest rates notwithstanding the recent slowdown in GDP as well as car sales.


The US NFP Update: What to Wait for?
The US NFP Update: What to Wait for?

The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on May 6, at 15:30 MT time.

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Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

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