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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.
On Tuesday, the evergreen buck traded below the five-month maximum, taking a breather after the soar underpinned by soaring yields on US government bonds as well as easing tensions in US-China trade relations…
On Monday, the greenback kept soaring against the euro, yen as well as many other currencies amid the easing of fears of a trade conflict between China and the United States and a soar in the yield of US Treasuries…
On Friday, the US dollar slumped against the common currency during Asia trade after a moderate soar the day before…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
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