The evergreen buck came off Wednesday’s peak in Europe trade, although it’s still firm enough against the backdrop of the news telling that the American economy still demonstrates decent strength…
Kiwi and Aussie edge down after RBNZ holds
On Thursday, the New Zealand along with Australian dollars sank versus their US rival, after the Reserve Bank of New Zealand left interest rates intact, while traders were still digesting recent American political events.
The currency pair NZD/USD dipped 0.73%, hitting an 11-month minimum of 0.6841.
New Zealand’s major financial institution shocked financial markets by announcing it actually expects to tighten monetary policy in 2019. By the way, financial analysts had expected a shift in policy approximately in the first half of 2019.
Commenting on the bank’s verdict, RBNZ Governor Graeme Wheeler told that the recent dip in the New Zealand dollar turned to be encouraging, and if sustained, would assist in rebalancing the surge outlook.
The currency pair AUD/USD went down 0.14%, being worth 0.7355.
Meanwhile, market participants were still digesting Trump’s shocking decision to have FBI Director James Comey sacked.
The United States will publish the level of quarterly advance GDP growth on April 26, at 15:30 MT time.
On Thursday, the common currency nursed losses versus the evergreen buck having slumped to a 22-month minimum on a shocking dive in a leading gauge of economic activity in Germany, boosting fears a deceleration in the EU’s number one economy…
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…