US Dollar Kiwi dollar Aussie jump on central bank

Telegram Forex Signals LONDON (Reuters) – The New Zealand and Australian dollar were the biggest gainers among major currencies on Tuesday, helped by talk from their central banks, while the U.S. dollar took a backseat to the Japanese yen and Swiss franc amid some risk aversion in markets.

US Dollar Index

The Australian dollar spiked higher after the Reserve Bank of Australia stuck with its plan to taper its bond-buying programme, shrugging off concerns about the economic impact from rising coronavirus cases. It gained half a percent to $0.7393 against its U.S. counterpart.

The Kiwi dollar rose 0.6% to $0.7007 after New Zealand’s central bank said on Tuesday it would soon begin consulting on ways to tighten mortgage lending standards, as it tries to control an inflated housing market and protect home buyers.

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The U.S. dollar slipped 0.1% to 109.21 yen, near its July 19 low of 109.07, which was its lowest level since late May. Against the Swiss franc, the dollar traded at 0.9046 franc, having hit a 1-1/2-month low of 0.9038 in the previous session.

“The Fed have been incredibly clear in stressing the importance of labour market data, so it’s no surprise to see a bit of apprehension before the report drops.”

Market watchers have of late pointed to the decline in U.S. Treasury yields as being indicative of fears of a coming disappointment in economic growth.

Aussie dips despite strong retail sales

The U.S. 10-year Treasury yield dropped on Monday shortly after an Institute for Supply Management (ISM) report showe July U.S. manufacturing growth slowed for the second successive month.

Clouding the outlook further is the spread of the COVID-19 Delta variant. In the United States, COVID-19 hospital admissions in Louisiana and Florida have hit a new peak though top U.S. health expert Anthony Fauci has ruled out another lockdown in the country.

Forex Signals – Dollar Gains as Yields Rise

That outweighed any excitement over a $1-trillion infrastructure investment bill that could be ready for a final vote as early as this week.

Dollar slips Aussie gains

Japan expanded state of emergency curbs to more regions on Monday as cases hit a record in Tokyo. In China, the spreading Delta variant poses new risks for the world’s second-biggest economy.

US Dollar Kiwi dollar Aussie jump on central bank

Jump in Yields Pressure Aussie

US Dollar Kiwi dollar Aussie jump on central bank

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