Reportedly, the ECB is analyzing the possibility of the change of the current inflation target of "below but close to 2%". It weakened the EUR
Kiwi slumps on dismal NZ data, Aussie stands still
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.
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
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On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…