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.
Worth flagging that the post handled an angle of the topic I had not seen elsewhere, and a look at gildcrate extended that fresh treatment, content that finds underexplored corners of well covered subjects is genuinely valuable and this site has demonstrated that exploratory editorial approach across multiple pieces in my reading sessions today.
Even from a single post the editorial care is clear, and a stop at pebblemart extended that care across more pages, the kind of attention to quality that shows up in every paragraph is what separates serious sites from the rest and this one has clearly invested in that paragraph level attention across what I have read.
A small thing but the line spacing and font choices made reading this physically pleasant, and a look at jadecrate maintained the same careful design, technical choices about typography are part of what makes online reading actually comfortable and this site has clearly invested in the design layer alongside the content layer carefully.
Taking the time to read carefully here has been worthwhile for the past hour, and a look at wifiwharf extended the worthwhile reading, the calculation of return on reading time spent is something I do informally and this site has been producing positive returns across multiple sessions during the last week of regular visits and reads.