Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
Aussie and Kiwi rise versus broadly weaker greenback
On Wednesday, the Australian and New Zealand dollars ascended versus their American counterpart because a delay on the American healthcare vote suppressed the greenback.
The currency pair AUD/USD managed to soar 0.37%, trading at 0.7612.
The US currency went down after on Tuesday American Senate Republicans dared to postpone a vote on the Trump administration’s healthcare bill because they experienced resistance from party members.
Market participants think that the Trump administration won’t be able to implement tax dips as well as fiscal stimulus steps, without passing the healthcare bill first.
The currency pair NZD/USD edged up 0.26%, trading at 0.7289, having demonstrated a four-month peak of 0.7344 on Tuesday.
On Tuesday, in a highly-anticipated speech Fed Chair Janet Yellen told that banks happen to be much stronger than expected and another financial recession isn’t approaching.
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
The overall market sentiment was mixed after the USA recorded the largest increase in virus cases since May 9. The data even offset the better-than-expected NFP.
The risk-on tone is back on the market again. Let’s look at main trading opportunities.