Aussie is nearly intact, Kiwi soars in late trade

Aussie is nearly intact, Kiwi soars in late trade

On Wednesday, the Australian dollar was nearly intact versus its American counterpart, while the New Zealand dollar rallied because market sentiment on the US currency was still vulnerable amid new concerns as for geopolitical tensions between America and North Korea.

The currency pair AUD/USD stood still at 0.7594, which is off a one-week minimum of 0.7584 achieved overnight.

Financial markets were quite jittery after North Korea reported it has successfully tested a fresh type of intercontinental ballistic missile reportedly capable of reaching the whole of continental United States. However, Donald Trump hurried to assure the nation that the North Korean issue is being handled.

The currency pair NZD/USD managed to grow 0.14% being worth 0.6908. It’s off last session's two-and-a-half week maximum of 0.6945.

The US currency had regained some footing following Tuesday’s data, which showed that American consumer confidence got closer to a 17-year peak this month.


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