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.
Appreciate the thoughtful approach, the writer clearly took time to make this readable for someone who is not already an expert, and a look at nimbuscart kept that going nicely, easy on the eyes and easy on the brain which is always a winning combination when reading on a busy day.
Now appreciating that the post left me with enough to say in a follow up conversation, and a look at gpugearhouse added more material for those follow ups, content that prepares me for related conversations rather than just informing me alone is content with social utility and this site provides that social armament reliably for me.
Reading this with a fresh mind in the morning brought out details I might have missed in the afternoon, and a stop at violetbazaar earned the same fresh attention, content that rewards being read at full attention rather than at energy lows is content with real density and this site has that density consistently.
Now appreciating the way the post avoided the temptation to be longer than necessary, and a look at frostvendor continued that lean approach, content with the discipline to stop when finished rather than padding for length is content that respects both itself and its readers and this site has that disciplined editorial culture clearly throughout.