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On Tuesday, the New Zealand dollar declined versus its American rivals, while the Australian dollar was intact after the publication of dismal New Zealand business confidence data and following fresh geopolitical worries.
The currency pair NZD/USD sank 0.49% trading at 0.7239, which is the lowest value since September 15.
Tuesday’s data revealed that New Zealand's ANZ business confidence index inched down to zero in September from August’s outcome of 18.3.
The data emerged after no single party managed to win a majority in the weekend’s election in New Zealand.
The ruling National Party grasped the largest number votes, although neither of the key parties got enough seats to for a majority in parliament, thus generating a round of coalition negotiations that could take weeks.
As for AUD/USD, this currency pair was nearly intact, sticking to 0.7935.
The US dollar grew after on Monday New York Fed President William Dudley told that the major US bank is about to gradually lift interest rates considering factors depressing inflation are receding and the American economy's fundamentals are good enough.
On Wednesday, the evergreen buck declined because the Japanese yen kept to a two-month minimum due to the fact that market participants had the latest trade reports digested…
On Tuesday, the evergreen buck added versus its counterparts because market participants weighed the latest worsening in the tit-for-tat tariff conflict between China and America, while a weaker common currency also raised market sentiment…
On Monday, the evergreen buck declined versus its counterparts on worries of an escalation in the US-China trade conflict, while a stronger UK currency and euro also put pressure on market sentiment…
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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