Yesterday, the GBP/USD pair fell moderately due to poor statistics on UK industrial orders and positive US construction sector data.
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For one and a half month, the New Zealand currency has strengthened against the American one, after a reversal from the key support level of 0.6205.
EUR showed ambiguous dynamics of trading on Tuesday, halting the development of an active “bullish” impulse, which remained since last Thursday.
AUD showed moderate growth against USD on Tuesday, updating local highs of November 14. During the day, the instrument mainly declined, remaining under pressure after the publication of controversial minutes of the RBA meeting.
Since the beginning of this month, the AUD/USD pair moves downwards. Today, the price fell around 0.6785 amid the publication of RBA Meeting Minutes and negative signals on the US-China trade deal. According to the November meeting report, Australian regulator officials are ready to continue cutting rates if necessary but are still waiting for positive results from the first three cuts, which should support employment, income growth and inflation.
The USD/JPY pair continues to move within a long-term wide upward trend.
For almost a week, the market was in a low-volatility expectation of the possible outcome of the US-China deal, which should have been the main topic of the speeches by the Fed and US leader Donald Trump, but there was no concrete information. The market reacted as expected, by lowering the USD Index below 98 points.
Yesterday, the NZD/USD pair moved horizontally in response to the rather meager macroeconomic background of the beginning of the week. The instrument was slightly supported by the published New Zealand Services Activity Index from Business NZ. In October, the indicator rose from 54.5 to 55.4 points, which was better than the average market expectations.
Yesterday, the USD/CHF pair rose slightly, although during the day the dollar renewed local lows of November 4.
Last week, the NZD/USD pair strengthened significantly after the RBNZ decision on the monetary policy.