Aussie and Kiwi rise vs. US dollar in late trade

Aussie and Kiwi rise vs. US dollar in late trade

On Monday, the Australian and New Zealand dollars rallied because Friday's dismal American economic reports kept weighing on the US dollar and financial markets started focusing on the Fed’s policy gathering scheduled later in the week.

The currency pair AUD/USD inched up 0.30% being worth 0.8028.

The major US currency was pressured after Friday’s data disclosed that American industrial and manufacturing output suddenly tumbled in August.

Additionally, the US Commerce Department reported that in August retail sales suddenly sagged by 0.2%.

Later this week, the major US bank was supposed to leave interest rates intact, but it could provide indications on when it actually intends to start unwinding its balance sheet.

The currency pair NZD/USD soared 0.36% being worth 0.7316.

Financial markets seemed to have revived from the fact that North Korea fired another missile over Japan. That’s the isolated regime’s second missile launch over Japanese territory for the last two weeks.

Similar

Latest news

Greenback edges down

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…

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

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