What is going on in the market today ?
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%.
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
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…
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…