Aussie and Kiwi soar versus broadly weaker US dollar

Aussie and Kiwi soar versus broadly weaker US dollar

On Thursday, the Australian and New Zealand dollars managed to grow versus their American counterpart because the US currency was pressured amid worries as for Donald Trump's protectionist policies.

The currency pair AUD/USD inched up 0.58% being worth 0.8107, which is the highest value since September.

The US currency dropped broadly after on Tuesday White House representatives told that Trump was about to utilize his speech on Friday in Davos at the World Economic Forum for the purpose of underlining his ambitious policies known as "America First."

The evergreen buck was also affected after on Tuesday, Treasury Secretary Steven Mnuchin told in Davos that the weaker US currency turned to be positive for American trade.

The currency pair NZD/USD tacked on 0.55% being worth 0.7377, which is off December’s five-month maximum of 0.7438.

Statistics New Zealand informed that in the fourth quarter the consumer price index rallied 0.1%, confounding hopes for a soar of 0.4%.


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