Aussie dives, Kiwi stands still in late trade

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.



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