Dollar firms, stocks slip amid US stimulus doubts
Talks on US stimulus package continue but deal in doubt after [...]
Trading news
Australia's and New Zealand's dollars lower
Australia's and New Zealand's dollar dropped versus their U.S. counterparts, today, amid the expectations that the greenback will be supported by a probable rate hike in the U.S. for 2016.
Australia's currency retreats 0.71% to the dollar
The AUD/USD currency pair reached the 0.7554 zone, thus retreating 0.71%. Following the weaker jobs data in the U.S., the demand for the nation's currency resumes being supported.
Earlier today, the business confidence index, as per the National Australia Bank, remained at 6 for the month of September.
The NZD/USD pair reached its weakest zone since the end of July, tumbling 0.97%.
Moreover, the declination in oil prices influenced the commodity based currencies. Moreover, the U.S. dollar index traded at 97.07, close to Friday's range of 97.22, having escalated 0.17%.
Read More
Tuesday, 11 Oct, 2016 / 7:47
Trading news
Up to the US Elections Results
The US economy has recovered modestly in the third quarter thanks to [...]
OIL dropped 2.5% after excess supply – US OIL Market Outlook – 22/10/2020
WTI Crude dropped by more than 2.50%, hitting our short entry support targets, [...]
