The Australian and the New Zealand dollars, fighting the strong American currency
The Aussie headed lower against the American Dollar on Tuesday, while the Kiwi went higher against the USD, as investors were waiting for the release of U.S. economic growth data later in the day. Positive possibilities were foreseen by the investors and the New Zealand Dollar went on its higher road.
The AUD/USD went lower at 0.7475, down by 0.08%.
Investors were awaiting the release of U.S.'preliminary third-quarter economic growth data, data that would gave important indications on the economy.
Recently, the USD was supported by investors' s expectation of future increased fiscal spending and tax cuts, under Donald Trump's leading. A rate hike by the Federal Reserve in December also supported the dollar.
Investors are puzzingly waiting for the OPEC meeting on Wednesday, wondering over the possibility of a cut deal on production that will change the game in economy.
The NZD/USD pair went higher at 0.7085, growing 0.17%.
The U.S. dollar index went up at 101.34, higher by 0.14%.
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On Wednesday, Federal Reserve Chair Janet Yellen spoke about the interest rates and about the United States' economy
The gold prices dropped below $1.200
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