Welcome to Tuesday!
Aussie declines, Kiwi stands still in late trade
On Monday, the Australian dollar decreased versus its American rival, while the New Zealand dollar was nearly intact because worries over American political tensions seemed to have eased and financial markets were still digesting the recent Barcelona terrorist incident.
The currency pair AUD/USD went down 0.11% being worth 0.7923.
The US dollar revived from losses following the news that senior White House advisor Steven Bannon had been sacked by Donald Trump.
Everlasting uncertainty over the economic agenda of Donald Trump along with doubts that the major US financial institution will deliver a third rate lift in 2017 have fed into the greenback’s recent weakness.
The currency pair NZD/USD was intact being worth 0.7316.
At the same time market participants were still cautious after last Thursday a terrorist attack murdered up to 14 folks and injured about 100 others.
On Sunday, Spanish police was still looking for the terrorist behind the wheel in the recent Barcelona van incident, amid surging signs that members of the militant group boasted connections in Europe.
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…