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On Tuesday, the Australian and New Zealand dollars managed to jump versus the greenback, while worries over the tempo of upcoming American rate lifts kept putting pressure on demand for the US currency.
The currency pair AUD/USD gained 0.11% hitting 0.7609.
Market sentiment on the US dollar was still vulnerable after the previous week's minutes of the Fed’s November gathering showed that some Fed officials worried that US inflation would stay below the Fed’s 2% objective for longer than anticipated.
Market participants were also closely watching Tuesday’s confirmation hearing for Fed Chair candidate Jerome Powell, with expectations he might provide some extra clues on future policy decisions.
Additionally, investors also kept focusing on a potential American tax reform plan. On Tuesday, Donald Trump was braced for meeting Senate Republicans to negotiate the party's efforts to have tax reform legislation passed.
The currency pair NZD/USD rallied 0.26% being worth 0.6933, which is the highest value since October 11.
On Tuesday, the evergreen buck bounced off a one-month minimum versus Japan’s currency because a selloff in global stocks relived, while the New Zealand dollar managed to surge after positive inflation data overnight…
On Monday, Bitcoin managed to surge steeply right after a credit scare on a key cryptocurrency exchange generated a rush for the number one crypto asset…
On Monday, the evergreen buck slipped due to the fact that US retail sales data for September missed analysts’ hopes, and as benchmark American Treasury yields stabilized after the previous week reaching their highest value for seven years…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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