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: afishkasochi.ru

    1хбет официальный сайт – это популярная букмекерская компания, предлагающая широкий выбор ставок на спорт, казино и многое другое. С высокими коэффициентами и удобным интерфейсом, 1xbet привлекает множество игроков. Он также предоставляет возможность онлайн-трансляций событий. 1xbet создает захватывающий игровой опыт для своих пользователей.

  2. Commented by: DennisHog

    cephalexin monohydrate 500 mg : seroquel et zopiclone celexa 10 mg or 20 mg

  3. Commented by: DennisHog

    order elocon : i want to order prevacid cheap canadian drugs abilify

1 152 153 154 155 156 380

Latest Comment

Your email address will not be published.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