Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
Aussie and Kiwi rise on positive Australian data
On Tuesday, the Australian and New Zealand dollars gained versus their US rival, following upbeat Australian data. Another contributing fact was merely diving optimism surrounding American interest rate lifts.
The currency pair AUD/USD rallied 0.13% being worth 0.7853.
On Tuesday, the Australian Bureau of Statistics informed that in November building approvals soared by 11.7%, confounding hopes for a 1.3% sag. As for building approvals, they lost 0.1$% in October, and the figure was updated from a previously estimated 0.9% leap.
The currency pair NZD/USD tacked on 0.22% trading at 0.7187, which is off a three month maximum of 0.7197 reached overnight.
The US currency was still underpinned by hopes for approaching rate lifts by the Fed.
On Saturday, San Francisco Fed President John Williams informed that the key US bank should lift interest rates three times in 2018 because the American economy will definitely benefit from tax cuts.
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