
Biden Unveils $1.9tn Aid Package
Jobless Numbers Spike The dollar had a choppy session on Thursday. However, it [...]
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
Biden Unveils $1.9tn Aid Package
Jobless Numbers Spike The dollar had a choppy session on Thursday. However, it [...]
Muted Moves In Metals Following Heavy Sell-Off
Gold Following the volatility last week as gold sold off in response to the [...]
Biden’s $1.9 trillion stimulus plan sparks profit-taking
Stock markets drift lower as Biden’s relief plan raises [...]