The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
Aussie is intact on poor NAB data, Kiwi surges
On Tuesday, the Australian dollar didn’t change versus its American rival after the publication of dismal Australian data. Meanwhile, the New Zealand dollar grew because market sentiment kept recovering from worries provoked by Hurricane Irma as well as North Korea.
The currency pair AUD/USD tumbled 0.14% being worth 0.8016.
The National Australia Bank told that in August its business confidence index went down to 5 from the previous month’s outcome of 12.
The currency pair NZD/USD rallied 0.21% being worth 0.7267.
Market sentiment kept improving because Hurricane Irma generated less damage than previously anticipated in Florida and as North Korea didn’t launch missiles over the weekend.
Traders had braced for extra provocations from the isolated Asian nation on September 9 because North Korea celebrated its founding day. However, North Korea stood away from launching missiles that day.
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