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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.
On Wednesday, the evergreen buck declined because the Japanese yen kept to a two-month minimum due to the fact that market participants had the latest trade reports digested…
On Tuesday, the evergreen buck added versus its counterparts because market participants weighed the latest worsening in the tit-for-tat tariff conflict between China and America, while a weaker common currency also raised market sentiment…
On Monday, the evergreen buck declined versus its counterparts on worries of an escalation in the US-China trade conflict, while a stronger UK currency and euro also put pressure on market sentiment…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
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…
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