Author: finadmin

New Zealand Dollar edges lower as Fed bets, Iran tensions support USD

The NZD/USD pair attracts some sellers during the Asian session on Monday and currently trades near the 0.5870 region, down around 0.15% for the day. Spot prices, however, remain confined within Friday’s broader range, warranting some caution for aggressive bearish traders. Friday’s better-than-expected US Nonfarm Payrolls (NFP) report lifted market bets for a Federal Reserve […]

Iran, US trade tanker attacks as Tehran will declare ‘prohibited zone’

Iranian government said that it targeted three oil tankers using an unauthorized route through the Strait of Hormuz, as well as a number of US-linked ships, in retaliation for US attacks on Iranian tankers over the weekend, Bloomberg reported on Sunday.  Iran’s top security official Mohsen Rezaee stated that the country would establish a new […]

Australian Dollar resumes advance as US Dollar loses post-NFP momentum

AUD/USD resumes its advance on Friday after a brief bout of weakness following a stronger-than-expected United States (US) employment report. The pair initially fell to 0.7173 before reversing as the US Dollar (USD) struggled to capitalize on the upbeat figures, even as they strengthened expectations of a Federal Reserve (Fed) rate hike at the September […]