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Forex - Aussie, kiwi decline vs. greenback in late trade

Published 06/30/2016, 02:30 AM
© Reuters.  Aussie and kiwi move lower as market sentiment steadies
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Investing.com - The Australian and New Zealand dollars declined against their U.S. counterpart on Thursday, as market sentiment steadied following the post-Brexit scare on financial markets and their recent recovery.

AUD/USD slid 0.42% to 0.7420.

Markets recovered on Tuesday and Wednesday from fears that a Brexit could hit investment in the U.K. economy, threaten London's role as a global financial capital and usher in a period of slower global economic growth.

Meanwhile, the dollar found some support after the U.S. Commerce Department said on Wednesday that personal spending increased by 0.4% last month, matching expectations, while April’s number was revised up to a gain of 1.1% from a previously reported rise of 1.0% that had already been its largest increase in seven years.

However, the National Association of Realtors said shortly after that its pending home sales index fell by 3.7% last month, missing expectations for a decline of 1.1%.

NZD/USD declined 0.46% to trade at 0.7080.

Earlier Thursday, data showed that the ANZ business confidence index for New Zealand jumped to 20.2 in June from 11.3 the previous month.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.21% at 95.89.

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