What does the market look like as the US wakes up for the Wednesday morning?
NZ Retail Sales
|Statistics New Zealand will announce the country’s retail sales data at 11:45 MT time on February 23. Despite the fact that the data is delivered later than the same figures from other countries, it creates hefty market impacts.|
|If actual reading is greater than the forecast one, the NZD will appreciate against other currencies.|
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
The New Zealand interest rate is announced on Wednesday at 05:00 MT time.
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.