New Zealand dollar and Aussie oscillated toward lower areas versus their counterpart, the U.S. dollar, amid the level of demand for the greenback stabilizing following the expectations for a rate hike in the U.S. by the end of 2016.
New Zealand's dollar and Aussie weaken further
The AUD/USD reached its weakest level since Sep. 21 to 0.7580, dropping 0.56%.
The Institute of Supply Management's statement on the non-manufacturing PMI index, having climbed from 51.4 to 57.1, supported the greenback to remain stable. The economists predicted the index to appreciate to 53.0.
As per the ADP, a payroll processing firm, the non-farm private employment climbed by 154,000 and was lower than the predictions for a rise of 166,000.
Furthermore, Australia's trade deficit narrowed from A$2.121 billion to A$2.010 billion.
Moreover, the economists estimated the nation's trade deficit to reach A$2.300 billion in August. The NZD/USD pair traded to 0.7158, dropping 0.21%.
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