The Reserve Bank of New Zealand made announcements regarding its monetary policy. The NZD/USD dropped.
Dollar index is nearly intact amid global tensions
On Wednesday, the evergreen buck didn’t change versus the other key currencies because fresh tensions between America and North Korea worsened market sentiment. Meanwhile, recent positive US data kept backing the evergreen buck.
The currency pair USD/JPY sank 0.53% to a two-month minimum of 109.74 after Donald Trump promised to meet North Korea with fury and fire if this country kept threatening the USA.
USD/CHF slid 1.03% hitting 0.9643, EUR/CHF decreased 1.16% being worth 1.1314.
Evidently, the Swissie’s move versus the common currency marked the largest one day shift since the Swiss National Bank surprised financial markets when it scrapped its currency peg with the euro in January 2015.
The greenback soared against the common currency, with EUR/USD sliding 0.16% demonstrating 1.1733. At the same time GBP/USD grew 0.10% trading at 1.3003.
Additionally, USD/CAD tacked on 0.08% being worth 1.2676, which is not far from Monday’s three-week maximum of 1.2714.
The US CPI and core CPI are due at 15:30 MT time on May 12.
April seasonal patterns weren’t supposed to work, but somehow they did. Even a strong fundamental issue such as the global recession amid the coronavirus couldn’t overwhelm it. That’s why May seasonal patterns may work as well.
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