How to trade the JPY?
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
Kiwi stands still following positive N.Z. data
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.
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