On Wednesday, the evergreen buck soared because market participants waited for the outcome of the Fed’s policy gathering for further clues about future tightening. Meanwhile, the beleaguered New Zealand dollar recovered following upbeat jobs data.
Tracking the greenback’s value against a basket of six main counterparts, the US dollar index gained 0.1% trading at 94.680.
In Asia, the New Zealand dollar rallied 0.9% being worth $0.6906 having hit a one-week maximum of $0.6915, spurred by data disclosing that the country's jobless rate went down more than anticipated to a nine-year minimum of 4.6%.
The New Zealand dollar had been pressured for recent weeks on worries of the new Labour-led coalition government's left-leaning policies, in particular a clamp down on migration and foreign investment.
The Fed is generally believed to leave interest rates on hold on Wednesday. Additionally, market participants will be closely watching any fresh indications that the major US bank will resume lifting rates next month as anticipated. Traders also require the timing of any moves next year.
On Monday, the US currency declined to a two-week minimum versus the Japanese yen because a latest flare-up in global trade worries affected investor risk appetites and suppressed American yields…
On Friday, the common currency was still high because the evergreen buck declined and trade worries didn’t recede…
On Friday, the evergreen buck drifted away from a 11-month maximum against the group of its key rivals due to the fact that market participants recorded gains after the greenback’s leap…
On Monday, Asian shares shook off a sluggish start and stabilized, with Japan outperforming on positive earnings…
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 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…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
