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On Wednesday, the Australian and New Zealand dollars rallied versus their American rival, reviving from recent losses because demand for the US currency declined amid speculation the next Fed Chair could be less hawkish than anticipated.
The currency pair AUD/USD leapt 0.38% reaching 0.7865, off last trading session's two-and-a-half month minimums of 0.7786.
The previous week Fed Governor Jerome Powell as well as ex-governor Kevin Warsh were both interviewed at the White House just to replace Janet Yellen as Fed Chair next February.
While they’re considered to be serious candidates, Jerome Powell is believed to be more dovish than Warsh. Kevin Warsh heavily criticized the US key bank’s bond-buying program.
The greenback strengthened earlier in the week following rumors that Warsh might be the number one nominee to replace Janet Yellen.
The currency pair NZD/USD rallied 0.28% trading at 0.7180, drifting away from Tuesday's one-month dip of 0.7147.
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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