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Forex - Aussie, kiwi move higher vs. weaker greenback

Published 11/03/2016, 03:21 AM
© Reuters.  Aussie and kiwi gain ground, Australian trade data supports
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Investing.com - The Australian and New Zealand dollars moved higher against their U.S. counterpart on Thursday, after the release of upbeat Australian trade data and as uncertainty over the outcome of the U.S. presidential election continued to weigh on the greenback.

AUD/USD rose 0.25% to 0.7679.

The Australian Bureau of Statistics said the trade deficit narrowed to A$1.227 billion in September from A$1.894 billion in August, whose figure was revised from a previously estimated deficit of A$2.010 billion.

Analysts had expected the trade deficit to narrow to A$1.700 billion.

NZD/USD advanced 0.44% to trade at 1.2340, the highest since September 27.

The greenback remained under pressure since the FBI said last Friday that it would review more emails related to Hillary Clinton's private email use while she was secretary of state.

The news sparked fresh uncertainty over Mrs. Clinton’s election prospects ahead of the November 8 vote, amid fears over the implications of a victory for Republican candidate Donald Trump.

The greenback also weaked after U.S. payroll processing firm ADP reported on Wednesday that non-farm private employment rose 147,000 last month, below forecasts for an increase of 165,000.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.27% at 97.13, the lowest since October 11.

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