Dollar Value Moves Up with US Data Report

Dollar-value-moves-up-with-US-data-report

After seeing a lull for a while, the price of dollar motioned upside. It happened due to the worldwide demands of safe-havens along with the exhibition of robust jobs data coming up in the fray breaking the seven-week losing streak of the greenback.  

Against the peril sensitive New Zealand and Australian dollars, the US dollar traded robustly. The Aussie currency remained restrained due to the testimony of central bank governor’s in the parliament that emphasised that recovery would take time. 

The Australian dollar slid 0.2% to $0.7138. Interestingly, it hit a high of 18 months a week ago. On the other hand, amid the new corona cases, the Kiwi dollar was stranded at $0.6537.

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