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New Zealand and Aussie higher after positive data

ArgusFX

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New Zealand and Australian dollar traded higher versus the U.S. dollar, following the positive economic data in Australia, amid the greenback losing momentum ahead of the tax bill release in the U.S. later today.

New Zealand and U.S. dollar at 0.6923

The AUD/USD pair reached the 0.7720 zone rising 0.56%, the NZD/USD at 0.6923 climbing 0.52%, and the U.S. dollar index at 94.40 declining 0.31%.

Oil stable while crude stocks drop

Oil stabilized today amid the crude inventories in the U.S. dropping despite the appreciation in production.

Brent futures traded at $60.56 per barrel escalating 0.1% or 7 cents, the U.S. WTI crude at $54.30 unchanged, and the U.S. commercial crude oil inventories to 454.9 million barrels decelerating by 2.4 million barrels for the week ending Oct. 27.

Gold gains in Asia after supportive news

The precious metal, gold, in Asia's trading session aimed higher following the short-term declination of the dollar, ahead of the nonfarm payrolls release this coming Friday.

The gold futures for delivery in December approached $1,280.96 a troy ounce escalating 0.29%.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/new-zealand-and-aussie-higher-after-positive-data
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