Sponsored by:
  • ---/---
    --- | ---

  • ---/---
    --- | ---

  • ---/---
    --- | ---

  • ---/---
    --- | ---

  • ---/---
    --- | ---

  • ---/---
    --- | ---

  • ---/---
    --- | ---

  • ---/---
    --- | ---

  • ---/---
    --- | ---

  • ---/---
    --- | ---

  • ---/---
    --- | ---

  • ---/---
    --- | ---

Market News

Forex - Aussie, kiwi move lower as Australian data disappoints


The Australian and New Zealand dollars moved lower against their U.S. counterpart on Thursday, after the release of downbeat Australian trade balance data and as the greenback mildly recovered from recent losses.

AUD/USD dropped 0.55% to 0.7924, the lowest since July 26.

Earlier Thursday, the Australian Bureau of Statistics said the trade surplus narrowed to A$0.856 billion in June from A$2.024 billion in May, whose figure was revised from a previously estimated surplus of A$2.471 billion.

Analysts had expected the trade surplus to narrow to only A$1.800 billion.

NZD/USD declined 0.47% to trade at 0.7394, the lowest since July 21.

Meanwhile, the U.S. dollar regained some ground on Thursday, but gains were expected to remain limited amid ongoing U.S. political risks.

The White House on Tuesday confirmed that U.S. President Donald Trump played a role in drafting a statement about his son’s meeting with a Russian lawyer during last year’s election campaign, which was later shown to be misleading.

The fresh revelations added to investors’ fears that the ongoing controversies embroiling the Trump administration will make it more difficult to make progress on the president’s economic agenda.

Recent lackluster U.S. economic reports, raising doubts over the future pace of policy tightening by the Federal Reserve, have also weighed on the greenback.

Investors were looking ahead to Friday’s nonfarm payrolls report for July for fresh indications on the possible direction of Fed policy.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.11% at 92.85, pulling away from the previous session’s fresh 15-month low of 92.41.


FX Empire - the company, employees, subsidiaries and associates, are not liable nor shall they be held jointly or severally for any loss or damage as link result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.
FX Empire may recieve compensation from the companies featured on the network.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. FX Empire bears no responsibility for any trading losses you might incur as link resultof using any data within the FX Empire.