Aussie leaps, Kiwi tumbles on Fed decision

Aussie leaps, Kiwi tumbles on Fed decision

On Thursday, the Australian dollar ascended versus its American rival, while the New Zealand dollar lost having hit multi-month peaks because the Fed disappointed market participants by leaving its 2018 interest rate outlook intact.

The currency pair AUD/USD gained 0.37% trading at 0.7665, which is the highest outcome since November 10.

In a widely anticipated move, the key US bank lifted interest rates to 1.50% by 0.25 basis points at the conclusion of its policy gathering on Wednesday.

The Fed didn’t change its projections for next year, including three more interest rate lifts in both 2018 and 2019, thus confounding hopes for four rate lifts in 2018.

However, the US dollar’s losses were believed to remain restricted because on Wednesday Congressional Republicans reached a compromise on final tax legislation, thus clearing the way for concluding votes next week.

The currency pair NZD/USD dived 0.26% reaching 0.7006, off last session's almost two-month maximum of 0.7027.



Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

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