The Australian and the New Zealand dollars were in a state of fret and irritation on Monday

The Australian and the New Zealand dollars were in a state of fret and irritation on Monday

By: Darryl Frankfort | Where To Trade | On:Monay, November 21, 2016
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The Australian and the New Zealand dollars were in a state of fret and irritation on Monday near multi-month lows against the USD. The greenback remain supported by all the optimism in the U.S. economy regarding the upcoming U.S. rate hike. 

AUD/USD was steady at 0.7337, getting off its five-month low of 0.7311 almost overnight. 

As expectation of president Donald-Trump to cut taxes and ramp up fiscal spending were hovering over the economy, the dollar remained supported by the idea of a future economic growth.

The U.S. dollar has been boosted by an idea of a future rose of interest rates in the month of December. 

As Fed Chair Janed Yellen said on Thursday that a rate hike will come appropriate very soon, a a grow in the inflation will be actually faster than expected.

The NZD/USD remained almost unchanged at 0.7010,  hitting flat earlier in the day at 0.6985.

The U.S. dollar index was down 0.13%, after hitting  a 14-years peak on Friday. 

 

 

Citigroup Inc. is to pay $25 million amends

Citigroup Inc. is to pay $25 million amends

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Citigroup accepted to pay the amends without denying the accusation

Netflix added 7.1 million new subscribers

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Gold prices tumbled on Thursday, during the European morning trade

Gold prices tumbled on Thursday, during the European morning trade

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The gold prices dropped below $1.200

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