Is Inflation Defeated?
Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.
Aussie and Kiwi stand still vs. weaker greenback
On Thursday, the Australian and New Zealand dollars were intact versus their American counterpart because the US currency moderately recovered from losses posted after the publication of the minutes of the Fed’s latest policy gathering.
Trade volumes were believed to remain thin enough with American markets unavailable on Thursday because of the Thanksgiving holiday.
The currency pair AUD/USD didn’t change sticking to 0.7623.
The US currency initially went down after the minutes of the Fed's most recent gathering showed that some policymakers were still concerned over constantly low inflation.
Additionally, the report also disclosed that the Fed actually expects to lift interest rates in the nearer future, driving expectations for a December rate increase.
However, the Fed added that economic data is going to determine the timing of future rate lifts that could potentially mean a slower tempo than expected for next year.
The currency pair NZD/USD stood still at 0.6880.
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