206

Aussie and Kiwi rise vs. greenback

On Tuesday, the Australian and New Zealand dollars rose against their American counterpart, though revenues were expected to remain limited as the US dollar kept recovering from the Federal Reserve’s latest policy verdict.

The currency pair AUD/USD soared 0.42%, hitting 0.7667, the highest outcome since September 22.

The US dollar kept trimming losses reported after the Fed made up its mind to leave its interest rates unchanged at the conclusion of its policy gathering last Wednesday. The US major bank also hinted that a lift could arise already in December if the job market keeps improving

Meanwhile, worries regarding the highly-anticipated American Presidential debate scheduled late Monday eased.

The currency pair NZD/USD ascended 0.32%, being worth 0.7298, thus demonstrating the highest result since September 23.

Besides this, the commodity currencies’ revenues were restricted by uncertainty surrounding this week’s gathering of key crude producers to discuss ways to back the market.

Scroll to top