Aussie declines, Kiwi gains ground

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.


US Dollar index keeps edging up on American upbeat mood

On Friday, the evergreen buck kept tacking on versus other key currencies after the minutes of the Fed’s latest policy gathering along with Thursday’s upbeat data powered optimism as for the strength of the American economy…

Evergreen buck is at 1-1/2 week maximums on Fed minutes

On Thursday, the main US currency was seen at one-and-a-half week maximums versus a group of key rivals, following overnight revenues after minutes of the Fed’s January gathering underlined hopes for faster lifts in American interest rates…


EU shares mostly inch down

On Friday, EU shares mostly traded lower because markets were busy with digesting comments by ECB President Mario Drgahi…

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