NZD/USD peaks as Kiwi retail sales defy expectations By Investing.com

© Reuters. In today’s trading sessions across Europe and Asia, the New Zealand dollar (NZD) experienced a significant surge against the US dollar (USD), reaching a peak near 0.6060. This unexpected rise was primarily fueled by New Zealand’s retail sales data for the third quarter of 2023, which remained unexpectedly flat, countering market forecasts of

Mexican Peso sets for strong weekly gains versus the US Dollar

Share: Mexican Peso extends its rally, capitalizing on a weaker USD. Mexico’s GDP growth aligns with expectations and might refrain Banxico’s officials from easing monetary policy. Mixed US economic data, with improving business activity but a downturn in Manufacturing PMI, weighed on the USD/MXN pair. Mexican Peso (MXN) is set to finish the

Weekly Market Recap (20-24 November)

The PBoC left its LPR rates unchanged as expected: LPR 1-year 3.45%. LPR 5-year 4.20%. PBoC ECB’s Wunsch (hawk – voter) gave a clear signal that the ECB is going to hold rates steady in the next two months, but warned that an easing in financial conditions due to rate cuts bets could prompt further

Nigerian Naira plunges to new lows against US Dollar By Investing.com

© Reuters. The Nigerian Naira has continued its decline, hitting record lows in both the official and parallel foreign exchange markets. Amidst the ongoing currency crisis, Central Bank of Nigeria (CBN) Governor Dr. Olayemi Cardoso is expected to announce new monetary policies today at a Chartered Institute of Bankers of Nigeria (CIBN) event. The Naira

European indices close marginally higher on the day/week

The major European indices are closing the day marginally higher: German Dax, +0.22% France CAC, +0.20% UK FTSE 100, +0.06% Spain’s Ibex, +0.34% Italy’s FTSE MIB, +0.68% Euro Stoxx, +0.30% For the trading week, Spain’s Ibex led the upside, while the UK FTSE 100 and Italy’s FTSE MIB closed lower for the week. : German

US dollar wavers ahead of PMI data, global markets mixed By Investing.com

© Reuters. The is trading just below a key level of 104 today as investors await the afternoon release of PMI data that could influence the currency’s strength. The anticipated reports are expected to reveal a slight downturn in both the Manufacturing and Services sectors, with forecasts predicting figures of 49.8 and 50.4, respectively. A