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Forex - Aussie, Kiwi Move Lower; Weak Australian Data Weighs

ForexDec 07, 2017 02:24AM ET
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Aussie, kiwi decline vs. stronger greenback in late trade

Investing.com - The Australian and New Zealand dollars moved lower against their U.S. counterpart on Thursday, after the release of downbeat Australian trade data and as demand for the greenback remained broadly supported.

AUD/USD fell 0.34% to 0.7537, the lowest since November 21.

Earlier Thursday, the Australian Bureau of Statistics said that the trade surplus narrowed to A$0.105 billion in October from A$1.604 billion in September, whose figure was revised from a previously estimated A$1.745 billion.

Analysts had expected the trade surplus to narrow to A$1.401 billion in October.

NZD/USD dropped 0.55% to trade at 0.6844.

Meanwhile, the greenback remained supported after U.S. Senate Republicans agreed to talks with the House of Representatives on a major tax reform bill on Wednesday, signaling that lawmakers could agree on a final bill ahead of a self-imposed December 22 deadline.

The U.S. dollar was also boosted after data on Wednesday showed that the U.S. private sector added 190,000 jobs in November.

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 93.63 by 02:20 a.m. ET (06:20 GMT).

Forex - Aussie, Kiwi Move Lower; Weak Australian Data Weighs
 

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