Market updates on June 25
Welcome to Tuesday!
Aussie goes down, Kiwi stands still
On Monday, the Australian dollar dived versus its American rival, while the New Zealand dollar was intact because comments by Fed officials compensated Friday's gloomy American nonfarm payrolls for the US currency.
The currency pair AUD/USD slumped 0.22% being worth 0.7848, which is not far from Friday's three-month maximum of 0.7867.
The evergreen buck dived after the American Department of Labor informed on Friday that in December the American economy created 148,000 jobs, thus confounding hopes for a leap of 185,000. As for the unemployment rate, it was intact sticking to 4.1%, as anticipated.
Sustained hopes for more American interest rate lifts restricted the greenback’s losses.
On Saturday, San Francisco Fed President John Williams told that the key US bank requires raising interest rates at least three times this year considering the US economy will derive benefits from tax cuts.
The currency pair NZD/USD was intact reaching 0.7174, which is off Friday's three-month maximum of 0.7188.
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Will the RBNZ push the kiwi higher?
The Reserve bank of New Zealand will publish its rate statement and make the interest rate’s announcement on June 26, at 5:00 MT time.
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