Aussie and Kiwi slump as US dollar rebounds

Aussie and Kiwi slump as US dollar rebounds

On Wednesday, the Australian and New Zealand dollars headed south versus their American rival because the US currency managed to regain some strength. However, revenues were supposed to stay limited.

The currency pair AUD/USD dived 0.08% hitting 0.7954, which is off a new four-month maximum of 0.7999 demonstrated overnight.

The US currency modestly revived from abrupt losses reported amid worries that the global economic recovery is going to outpace American surge and help other key financial institutions, led by the European Central Bank to start unwinding loose monetary policy at a faster tempo than anticipated.

Hopes that the ECB could soon get down to taming its monetary stimulus initiative got a boost on Monday right after ECB Governing Council member Ardo Hansson informed that bond buying could be stopped in just one step in September if the EU economy as well as inflation develop as anticipated.

The currency pair NZD/USD dived 0.36% being worth 0.7242.


What to Trade on August 29 - September 2?
What to Trade on August 29 - September 2?

Last week several important economic updates influenced the Forex market. US preliminary GDP fell less than expected (0.6% actual vs. 0.7% forecast). Below you will find the key events to trade on during the week from August 29 to September 2.

USD Moves Weird Ahead of CPI
USD Moves Weird Ahead of CPI

The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.

Latest news

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

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

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