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.
However measured this site clears the bar I set for sites I take seriously, and a stop at ivoryridgegoodsstore continued clearing that bar, the metrics I use for site quality are admittedly informal but they are consistent and this site has cleared them on multiple measurements across multiple visits which is meaningful for my evaluation.
Thank you for the genuine effort here, it shows in every paragraph and not just the headline, and after my visit to chestnutharborvault I was sure this site cares about getting things right rather than chasing clicks, which is the main reason I will come back later this week to read more.
Reading this fit naturally into my afternoon walk because I was reading on my phone, and a stop at outrankoutlet continued well in that walking format, content that survives mobile reading without becoming awkward is content with format flexibility and this site has clearly thought about how it reads across different devices today.
Better than the average post on this subject by some distance, and a look at apricotharborvault reinforced that, you can tell within the first paragraph that the writer here actually cares about the topic rather than just covering it for the sake of having something to publish that week or that day.