Aussie and Kiwi rise versus broadly weaker greenback

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.

 

Similar

Latest news

Evergreen buck heads north

On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…

Gold ascends on Brexit jitters

On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…

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

Beginner Forex book will guide you through the world of trading.

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