USD/BRL: the Brazilian currency just lost 7% of value to the USD
Brazil is struggling on both the humanitarian and the financial frontы. As a result, Brazilian real is weakening
Aussie and Kiwi tumble vs. broadly stronger US dollar
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.
Similar
Job data for Canada: a relief or another disappointment?
Canada will publish employment change and an unemployment rate on Friday, at 15:30 MT time.
CHF: losing value
USD/CHF and EUR/CHF rose to tactical highs. What's next?
Latest news
Stocks that make news this week
Check our story about the stocks that have the potential to go either up or down big time! In this article, we'll tell you about Nvidia, Apple, Philip Morris, and Coinbase.
The pack of PMIs to boost the euro
Once in a month, the euro has a very special day of increased volatility at the start of the European trading session.
USD/TRY: testing all-time highs
The relationship between the US and Turkey is not going well. Neither do things for the Turkish lira.
Deposit with your local payment systems
