Forex - Aussie holds steady kiwi edges higher as tensions ease

Aussie little changed, kiwi higher vs. greenback in late trade

Investing.com - The Australian dollar was steady against its U.S. counterpart on Tuesday, while the New Zealand dollar edged higher as geopolitical tensions continued to ease and as markets eyed the release of U.S. economic reports due later in the day.

was little changed at 0.7850.

Market sentiment improved after North Korea said on Tuesday while it watches U.S. actions a little longer.

At the same time, South Korean President Moon Jae-in said there will be no military action upon the Korean peninsula without Seoul's consent and that the government would prevent war by all means.

Earlier Tuesday, the Reserve Bank of Australia said in that recent data had shown further improvement in the labour market, with more full-time jobs created, higher labor force participation and an increase in average hours worked.

added 0.12% to trade at 0.7295.

Market participants were looking ahead to U.S. retail sales data, to be released later Tuesday, for further indications on the strength of the economy after disappointing on Friday dampened expectations for another rate hike by the Federal Reserve this year.

The greenback found some support after New York Fed President William Dudley said on Monday that if the economic conditions evolved in line with his expectations.

The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.21% at 93.54, the highest since August 10.

Disclaimer:Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read Again Forex - Aussie holds steady, kiwi edges higher as tensions ease : http://ift.tt/2vWZScw

Let's block ads! (Why?)