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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.
On Wednesday, Bitcoin managed to rally in the face of mixed crypto trading reacting to news that Seed CX is geared up towards capturing institutional traders via a bitcoin spot trading market…
On Wednesday, the Japanese yen headed south versus its major peers because investor risk appetite improved during Asia trade, although worries over decelerating global surge and US-China trade clashes will probably cap gains in risky assets…
On Tuesday, the evergreen buck managed to stabilize in Asia because the International Monetary Fund had its 2019 as well as 2020 global surge forecasts cut overnight…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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