Aussie is intact, Kiwi dives in late trade

Aussie is intact, Kiwi dives in late trade

On Monday, the Australian dollar stood still versus its American rival, while the New Zealand dollar headed south. However, market sentiment on the evergreen buck was still fragile amid worries over low American inflation levels.

The currency pair AUD/USD was intact, sticking to 0.7611.

Market sentiment on the US currency was still vulnerable after last Wednesday’s minutes of the Fed’s November gathering showed that some officials were worried that US inflation would stay below the bank's 2% objective for longer than anticipated.

Additionally, the minutes actually echoed remarks by Janet Yellen, Fed Chair. She expressed uncertainly as for the inflation outlook.

While upcoming December’s rate lift is still nearly fully priced in, market participants pared back hopes for further rate increases next year, sending the greenback down.

Investors also kept focusing on a potential American tax reform initiative. Donald Trump was braced for meeting Senate Republicans on Tuesday in order to talk about the party's efforts to have tax reform legislation passed.

The currency pair NZD/USD slumped 0.16% trading at 0.6869.



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…

promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera