English
Afrikaans
Albanian
Amharic
Arabic
Bulgarian
Chinese (Simplified)
Chinese (Traditional)
Croatian
Dutch
Filipino
French
German
Greek
Hindi
Indonesian
Irish
Italian
Japanese
Korean
Lao
Latin
Nepali
Persian
Polish
Portuguese
Romanian
Russian
Serbian
Sesotho
Spanish
Thai
Turkish
Forex – AUD/USD holds steady, kiwi slips lower in late trade
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.
My professional context would benefit from having this kind of resource available, and a look at granitevendoroutlet extended the professional applicability, the rare site that contributes meaningfully to professional work rather than just personal interest is content with multiplied value and this one is providing that professional utility consistently across multiple pieces.
Reading carefully this time rather than scanning, and the depth shows up in places I missed first time around, and a look at orchardvendorcorner rewarded the same careful approach, content that holds up to multiple reads is content I want more of in my regular rotation rather than disposable scroll fodder daily.
Decided to read more before commenting and the more I read the more I wanted to say something, and a stop at wheatvendor pushed that impulse further, when content provokes the urge to participate rather than just consume it is doing something quite specific and worth recognising clearly when it happens during reading.
Once I trust a site this much I tend to read everything they publish and that is the trajectory I am on with this one, and a stop at opalvendor confirmed the trajectory, the rare progression from interested reader to comprehensive reader is something only certain sites earn and this one is earning that progression rapidly.