NZD/USD retreats from daily highs ahead of FOMC minutes

Share: NZD/USD rose to a high of near 0.6000 but settled near 0.5950. RBNZ held rates steady at 5.5% as expected but sounded hawkish. Investors await key FOMC minutes for forward guidance. On Wednesday, the NZD/USD traded strongly following the Reserve Bank of New Zealand (RBNZ) decision but failed to maintain its momentum and

Argentina peso faces tough road ahead as bearish bets ramp up By Investing.com

© © Reuters. Javier Milei em Buenos Aires 13/8/2023 REUTERS/Stringer Investing.com – The faces a tough road ahead, ING warned Tuesday, as the recent shock primary election victory for Argentina’s far-right presidential candidate Javier Milei throws the country’s political and economic future into doubt.  Far-right libertarian economist Javier Milei, who wants to scrap wants to

EUR/GBP loses the 20-day SMA ahead of key British economic data

Share: EUR/GBP declined for a second consecutive day, and fell towards 0.8605, below the 20-day SMA. All eyes are now on labour market and inflation data from the UK. The Eurozone will release its preliminary Q2 GDP report on Wednesday. At the start of the week, the EUR/GBP fell below the 20-day Simple

US dollar drifts higher ahead of a light North American calendar

It’s something of a three-day trading week in North America with nothing notable on the economic calendar today or on Friday. That’s contrasted by a busy day tomorrow with US retail sales and Canadian CPI. The lone item of note today is the BOC senior loan officer survey at 10 am ET and that’s not

Risk on the defensive ahead of European trading

Despite the best efforts by Beijing to try and defend the yuan, it is on the verge of its lowest levels since November last year against the dollar. And that is indirectly dragging the aussie and kiwi lower today, alongside the more dour mood in equities. Asian stocks are selling off hard today, largely in

Newsquawk week ahead: US and UK retail sales along with the RBNZ announcement

MON: N/A TUE: PBoC MLF, RBA Minutes, Japanese Prelim. GDP (Q2), Australian Wage Price Index (Q2), Chinese Industrial Output and Retail Sales (Jul), Japanese Industrial Output (Jul), UK Jobs Report (Jun/Jul), German ZEW Survey (Aug), US Retail Sales (Jul), Canadian CPI (Jul) WED: RBNZ Announcement, FOMC Minutes, UK Inflation (Jul), EZ GDP and Employment 2nd

Sterling in Focus Ahead of UK Jobs and Inflation Data

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