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Aussie and kiwi go down against greenback

On Thursday, the Australian and New Zealand dollars went down against their American counterpart because market sentiment stabilized following the post-Brexit concern on financial markets as well as their recent recovery.   

The currency pair AUD/USD edged down 0.42%, hitting 0.7420.

Markets recovered on Tuesday and Wednesday from fierce concerns that Brexit could affect investment in the British economy, thus diminishing London's role as a global financial capital and sparking a period of slower global economic growth.

Meanwhile, the evergreen buck gained some support after on Wednesday, the US Commerce Department reported that last month personal spending surged by 0.4%, fitting expectations, while April’s number got revised up to a revenue of 1.1% from a previously reported surge of 1%, which had already been its greatest soar for up to seven years.   

However, the National Association of Realtors added that pending home sales index dropped by 3.7% last month, thus missing expectations for a 1.1% dip.

NZD/USD slumped 0.46%, being worth 0.7080.

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