Forex — Aussie, Kiwi slip Lower after data from China; eyes on Fed

© Reuters. Aussie and kiwi moving lower vs. greenback in late trade — The Australian and the new Zealand Dollar slipped lower against its us counterpart on Tuesday, as investors were cautious start amid fresh political tensions in the United States and before the Federal Reserve’s policy meeting, later in the day.

AUD/USD easing 0.09% to trade 0.7683.

Data showed earlier that China’s official manufacturing purchasing managers’ index slipped to 51.6 in October from 52.4 in the previous month.

China is Australia’s largest export partner.

NZD/USD fell 0.41% to 0.6848.

The markets were nervous after U.S. investigators probing the Russian meddling in the 2016 presiential election, charged the President of Donald Trump’s former campaign manager, and Paul Manafort, and another aide-de-camp, Rick Gates, with money laundering on Monday.

The greenback had weakened after the recent reports that Trump was probably pick Federal reserve Governor Jerome Powell as the next chief of the U.S. Central Bank.

In new Zealand, the data showed that the ANZ business confidence Index fell to a two-year low of -10.1 in October from 0.0 in the previous month.

The US dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 94.44 from 03:30 PM ET (07:30 GMT).

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