New Zealand Dollar Dips on Soft GDP Data. Where to for NZD/USD?
The New Zealand Dollar ran lower after GDP printed below forecasts at 2.2% year-on-year to the end of May. Prior to the figures, Kiwi had been bought on weaker USD. Will NZD/USD rally?
The New Zealand Dollar ran lower after GDP printed below forecasts at 2.2% year-on-year to the end of May. Prior to the figures, Kiwi had been bought on weaker USD. Will NZD/USD rally?
The U.S. dollar falls despite the Fed’s hawkish policy outlook, as traders remain skeptical of policymakers’ plans to resume rate hikes later this year, given the economic risks.
The Fed hit the pause button at its June meeting, keeping interest rates on hold at 5.00%-5.25% in line with expectations and previous guidance. The terminal rate, however, was revised upwards.
The price of gold is poised for the latest FOMC monetary policy decision with the accompanying quarterly economic projections the driver for the next few weeks.
Prices at factory gates declined in the month of May as a wave of recent inflation data suggests the Fed will shy away from another rate hike later today
The Japanese Yen’s home central bank looks set to remain a global anomaly as others scramble to fight inflation.
Oil prices enjoyed a slight renaissance of late despite a mixed report from the IEA this morning. Technicals hint at higher pricing but will the US Dollar scupper its plans?
Technical analysis on FTSE 100, DAX 40 and S&P 500 within their fundamental context.
GBP/USD maintains its upside as UK GDP remains steadfast ahead of the highly anticipated FOMC announcement later today.
The Australian Dollar consolidated today after a bumpy ride through the Bank of Canada rate hike along with other currency pairs as the market contemplates a surprise lift by the Fed next week.