The Reserve Bank of New Zealand made announcements regarding its monetary policy. The NZD/USD dropped.
Tag - usd
Main movements on the market: risk-off mood strengthened USD, AUD dropped on China’s imports’ ban and Saudi Arabia cut oil production.
Investors are weighing in the potential of the second wave of the virus hit, the movement across the Forex market is relatively cautious.
Is the fresh news on the US-China trade deal satisfying enough? Let's find out.
NFP, China-US trade and other factors
The US CPI and core CPI are due at 15:30 MT time on May 12.
The NFP numbers are bad, but better than expected. The USD/JPY took that as an impulse to rise.
EUR/USD recovered from the March-April support line and formed a “Piercing line” candlestick pattern on the D1.
NFP will be released at 15.30 MT time. What is the forecast?
USD/BRL jumped before the announcement of the Central Bank of Brazil. What was the reason?
NFP for April are coming. 22mln jobs to be deducted from the list. Will the USD withstand the hit?
The main focus is on the UK as the Bank of England made an announcement this morning. Let’s see what’s happening with the British pound and what else moves the market today.