Investing.com - The Australian and New Zealand dollars climbed against their U.S. counterparts on Thursday, as demand for the greenback broadly weakened following U.S. President-elect Donald Trump’s first press conference since his victory in November.
AUD/USD gained 0.48% to a fresh one-month high of 0.7477.
The greenback came under pressure after Donald Trump failed to offer details on his promises to boost fiscal spending and cut taxes at a highly-anticipated news conference on Wednesday.
The U.S. dollar had remained broadly supported in the last weeks amid expectations for higher interest rates this year.
The Federal Reserve raised interest rates in December and indicated that it expects to hike rates three more times in 2017.
NZD/USD advanced 0.58% to trade at 0.7095, the highest since December 15.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.46% at a one-month low of 101.23, pulling away from last week’s 14-year peak of 103.82.