After the words of Fed Chair Jerome Powell, the market has got confidence.
Tag - nzd - new zealand dollar
Stock indices S&P 500 and Nasdaq are falling for seven days in a row. The New Zealand dollar skyrocketed to almost two-years highs. Fed’s Powell held a meeting yesterday and said that the central bank wouldn’t tight its easing policy anytime soon.
The Reserve bank of New Zealand holds a meeting on Wednesday at 3:00 MT time.
Will we see new dovish insights?
On Wednesday, February 24, at 03:00 MT time, RBNZ will provide the Rate Statement and Press Conference.
The New Zealand dollar has been really strong lately. Will it beat the multiyear highs?
The dollar gains against low-yielding currencies on Wednesday, hitting a five-month high against the yen as US bond yields jumped on the prospects of further economic recovery.
The dovish Fed and the weak US inflation data pressed the dollar down. Meanwhile, the earnings season goes on. Today PepsiCo and Disney will publish their earnings reports.
Jump in to get the technical analysis of EUR/GBP, GBP/USD, and gold!
New Zealand published encouraging labor data. Stock indices surged on better-than-expected earnings of Google and Amazon.
The USD is rising for the third day in a row, stocks jumped as well after Alphabet( Google) and Amazon published better-than-expected revenues.
Asian shares climbed to near all-time highs on Monday as concerns over rising COVID-19 cases and delays in vaccine supplies were eclipsed by the optimism of a $1.9 trillion fiscal stimulus plan to help revive the US economy.