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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.
On Wednesday, the evergreen buck rose to its highest value for over a year because a crisis in the Turkish lira, which affected emerging markets, drove demand for the US dollar as a safe-haven asset…
On Tuesday, the common currency kept to a one-year minimum versus the evergreen buck and the Swiss franc…
On Monday, the evergreen buck managed to rally versus its rivals, although profits were tamed because the common currency went down from a 13-month minimum notwithstanding another rout in Turkey’s currency…
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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