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On Wednesday, the New Zealand dollar held steady versus its American rival, after the issue of positive New Zealand employment data. Meanwhile, the Australian dollar declined ahead of the Federal Reserve’s approaching policy verdict.
The currency pair NZD/USD stood still, keeping to 0.6936, off a one-week peak of 0.6968 reached overnight.
Earlier on Wednesday, Statistics New Zealand told that the overall number of employed folks grew by 1.2% during the first quarter, thus ruining hopes for a 0.8% revenue and after a surge of 0.8% in the three months to December.
As for the unemployment rate, it declined to 4.9% during the first quarter from 5.2% last quarter, thus breaking hopes for an unchanged reading.
The currency pair AUD/USD went down 0.62% to reach 0.7487.
Meanwhile, market sentiment on the US dollar strengthened ahead of the Fed’s highly-anticipated monetary policy verdict a bit later in the day.
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…
On Monday, crypto assets tumbled due to the fact that the Organization for Economic Cooperation and Development drew attention to the necessity of the global regulation of initial coin offerings…
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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