Forex – AUD/USD holds steady, kiwi slips lower in late trade

thumb-a77948f139ad54aebc451cf30da3866a_1507531534_7022_600x416

The Australian dollar was little changed against its U.S. counterpart on Monday, while the New Zealand dollar slipped lower as expectations for U.S. rate hike in December continued

to support the greenback, although fresh geopolitical tensions weighed. Trading volumes were expected to remain thin with U.S. markets closed for Columbus Day. AUD/USD held

steady at 0.7763, not far from Friday’s three-month lows of 0.7732. The dollar retreated following reports on Friday that North Korea is preparing to test a long-range missile, adding

to fears over a potential conflict in the region. But the greenback remained broadly

supported as the wage data from Friday’s U.S. jobs report was seen as potentially boosting inflation. The U.S. economy lost 33,000 jobs in September, the Labor Department reported,

ending seven straight years of job growth. But the decline was driven by slower hiring due to the effects of Hurricanes Irma and Harvey. The unemployment rate fell to 4.2%, the lowest since 2001 and average hourly earnings rose 2.9% from a year earlier. The uptick in wage inflation bolstered expectations that the Federal Reserve will hike interest rates in December.

Expectations that U.S. rates will rise help support the dollar by making U.S. assets more attractive to yield-seeking investors. NZD/USD slipped 0.21% to trade at 0.7074, just off Friday’s four-month trough of 0.7059. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 93.63 by 02:15 a.m. ET (06:15 GMT), still close to Friday’s 10-week highs of 94.10.

Latest Comment

  1. Commented by: ChristianOresk

    Worth pointing out that the writer made the topic feel more interesting than I had been expecting, and a look at junipervendorhouse continued that elevation effect, content that improves the apparent quality of its subject through skilled treatment is doing something real and this site has clearly developed that kind of editorial alchemy throughout.

  2. Commented by: Emanuelreilk

    Pass this along to colleagues if the topic comes up, the framing here is sensible, and a stop at lusterhub adds more useful angles to share, the kind of content that improves conversations rather than just feeding them is what makes a resource genuinely valuable in professional contexts going forward over time and across project boundaries too.

  3. Commented by: IsmaelWax

    We provide ethically sourced biometric data for AI training and recognition. Our biometric data provider offers diverse datasets for a broad range of model-development needs.
    https://issuu.com/ibeta-datasets

  4. Commented by: wild trucks 161

    The wildly popular wild truck play wild trucks for real money gives you gigantic trucks, huge bonuses, and pure excitement. Simple mechanics, speedy payouts, and high winning odds make this release a first-class choice. Line up combinations of Wild symbols, enjoy bonus rounds, and crown yourself the king of the interstate!

1 13 14 15 16 17 57

Latest Comment

Your email address will not be published. Required fields are marked *