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On Monday, the Australian and New Zealand dollars headed south versus their American rival because hopes for a rate lift as well as tax reform in America before the end of 2017 kept backing demand for the US dollar.
The currency pair AUD/USD went down 0.20% being worth 0.7820, which is not far from last Thursday's two-month minimum of 0.7798.
The evergreen buck was still backed after last week Fed Chair Janet Yellen told that the US key financial institution was considering a third rate lift in 2017.
The US currency received an extra boost from fresh expectations for American tax reform after last Wednesday the Trump administration disclosed plans for a sweeping overhaul of the country’s tax code.
As for trading volumes, they were believed to stay thin with Australian markets unavailable on Monday for the Labor Day holiday.
The currency pair NZD/USD managed to edge down 0.47% being worth 0.7195.
On Tuesday, the evergreen buck went down to the lowest value of the day versus its key rivals ahead of a highly-anticipated two-day Fed gathering starting later on Tuesday…
The Federal Reserve is anticipated to be one of the most aggressive major central banks when it gets to the monetary policy…
Coming off the best trading marathon for crypto assets since late July, the world’s number one crypto currency, Bitcoin headed south on Monday…
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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