“It is unlikely that the Senate will support the motion when it votes in January, as is required to remove Trump from office,” ANZ economists wrote in a note.
The dollar took U.S. President Donald Trump’s impeachment in stride on Thursday while its Australian counterpart rallied after a surprise fall in the country’s unemployment rate.
The British pound GBP=D3 remained under pressure on renewed fears of a chaotic exit from the European Union. It was last at $1.3081 after sliding nearly 2% in as many days.
Dollar traders were sanguine after a majority of lawmakers in the U.S. House of Representatives voted to impeach Trump.
The dollar was a shade firmer against the safe haven yen JPY= at 109.56. An index that tracks the dollar against six major currencies hovered at 97.347, not far from a six-day high of 97.475 touched on Wednesday. .DXY
“It is unlikely that the Senate will support the motion when it votes in January, as is required to remove Trump from office,” ANZ economists wrote in a note.
The Aussie AUD=D3 climbed as high as $0.6883 after the robust jobs data suggested the country's labour market might have enough life in it to lessen the need for more interest rate cuts. It was last at $0.6878.
In New Zealand, better-than-expected third quarter economic growth data sent the kiwi NZD=D3 bouncing off a one-week low at $0.6592.
Risk sensitive currencies such as the Aussie and the kiwi started December on a firm footing after a preliminary U.S.-China trade deal and a landslide Conservative election win in the UK removed two major uncertainties hanging over markets.
However, fears have resurfaced this week as the spectre of a U.S.-led tariff war has not completely disappeared with traders awaiting more details on the “phase one” deal with Beijing.
U.S. Trade Representative Robert Lighthizer said on Tuesday that the United States may raise tariffs on European goods as it tries to shrink its chronic trade deficit with the continent, re-igniting worries of the prospects of the export-driven euro.
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Severity: Warning
Message: count(): Parameter must be an array or an object that implements Countable
Filename: amp/news_details_amp.php
Line Number: 252
Backtrace:
File: /home/smartmarketnews/public_html/application/views/amp/news_details_amp.php
Line: 252
Function: _error_handler
File: /home/smartmarketnews/public_html/application/controllers/Amp_controller.php
Line: 41
Function: view
File: /home/smartmarketnews/public_html/index.php
Line: 315
Function: require_once
Smarter Decisions with Smart News
Smart Market News is committed to getting its readers the latest updates and insights on industries that help in making “smarter” business decisions. With insights and inputs from corporate decision makers, we bring you the stories of adopting innovative solutions and strategies that have been changing the world. Our editorial insights on products, solutions, companies, and adoption of best practices not only help in understanding the markets better, but also prove to be a complete package for your information needs.
media@smartmarketnews.com | sales@smartmarketnews.com
Contact Us