Time to buy the world’s worst currencies
We could gain from buying emerging-market currencies such as South African rand, Mexican peso and Brazilian real.
Aussie declines, Kiwi gains ground
On Monday, the Australian dollar went down versus its American rival, after the publication of dismal Australian data. Meanwhile, the New Zealand dollar managed to gain some ground amid renewed geopolitical tensions between American and North Korea.
The currency pair AUD/USD dived 0.13% being worth 0.7957 right after the Australian Bureau of Statistics announced that company operating revenues dived by 4.5% during the second quarter, versus expectations for a 4% dip.
July’s company operating revenues were updated to a 5.8% soar from a previously estimated 6% ascend.
Geopolitical threats revived after on Sunday North Korea announced that it had successfully conducted a test of a hydrogen bomb, which could be potentially installed on an intercontinental ballistic missile.
Pyongyang dubbed the test a complete success, reporting a greater yield compared to previous tests and with no negative impact on the environment.
The currency pair NZD/USD jumped 0.22% hitting 0.7173, which is not far from last Thursday's three-month dip of 0.7132.
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Time to buy the world’s worst currencies
We could gain from buying emerging-market currencies such as South African rand, Mexican peso and Brazilian real.
What moves the market on April 9?
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