Aussie and Kiwi move down vs. greenback in late trade

Aussie and Kiwi move down vs. greenback in late trade

On Wednesday, the Australian and New Zealand dollars slumped because comments by Fed officials kept backing the US dollar and traders were waiting for the Reserve Bank of New Zealand’s policy verdict due on Thursday.

The currency pair AUD/USD went down 0.24%, trading at 0.7562, the lowest value since June 14.

The greenback remained backed by quite hawkish remarks made by New York Fed president William Dudley. He underpinned hopes for the Fed to keep hiking interest rates.

However, Chicago Fed president Charles Evans offered a more dovish outlook after Monday’s market close, suggesting that it might be worthwhile for the major American bank to wait until year-end to make a decision whether to lift rates again or not.

The currency pair NZD/USD went down 0.18%, trading at 0.7228.

On Thursday, the RBNZ was generally supposed to leave interest rates intact at 1.75%. Traders were focused on comments by RBNZ Governor Graeme Wheeler for any signals on the major bank’s future policy moves.

Similar

Popular

Crude edges down in Asia on Caixin PMI

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…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera