Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Forex - Aussie, kiwi edge higher vs. greenback on Yellen remarks

Published 30/03/2016, 05:25 pm
Updated 30/03/2016, 05:31 pm
Aussie and kiwi gain ground after Yellen speech

Investing.com - The Australian and New Zealand dollars edged higher against their U.S. counterpart on Wednesday, after dovish comments from Federal Reserve Chair Janet Yellen dampened expectations for an upcoming U.S. rate hike.

AUD/USD added 0.13% to 0.7635.

The greenback weakened after Fed Chair Janet Yellen stressed the need to be cautious in raising rates and underlined external risks including low oil prices and slower global growth.

Yellen was speaking at a conference in New York late Tuesday.

NZD/USD edged up 0.18% to 0.6862, the highest since December 29.

Earlier Wednesday, Statistics New Zealand said that building consents increased by 10.8% in February, beating expectations for a 5.0% rise. Building consents declined by 7.8% in January, whose figure was revised from a previously estimated 8.2% drop.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.08% at 95.09, the lowest since March 18.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.