Reportedly, the ECB is analyzing the possibility of the change of the current inflation target of "below but close to 2%". It weakened the EUR
Aussie dives, Kiwi stands still in late trade
On Monday, the Australian dollar sank versus its American rival, while the New Zealand dollar was intact because market participants were still digesting the American government shutdown.
The currency pair AUD/USD slid 0.14% being worth 0.7987.
The US currency initially dropped reacting to Friday’s American government shutdown after Republicans and Democrats didn’t manage to agree on a last-minute deal to finance government operations.
On Sunday, Democratic and Republican leaders of the US Senate held negotiations, hoping to break the impasse.
The evergreen buck has been suppressed in recent trading sessions amid worries that the global economic revival is going to outperform American surge and help other key financial institutions, including the ECB to start unwinding loose monetary policy at a faster tempo.
Besides this, the currency pair NZD/USD stood still, demonstrating a reading of 0.7276.
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 Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…