© Reuters. Today, as the North American trading session commenced, the New Zealand Dollar (NZD) demonstrated strength while the British Pound (GBP) lagged. The U.S. Dollar (USD) exhibited mixed performance against various currencies, with rebounding due to the impact of the Federal Open Market Committee (FOMC) decision. China’s economic situation continues to be challenging, with
The strongest to the weakest of the major currencies As the North American session begins, the NZD is the strongest of the major currencies while the USD is the weakest. In Europe, data was largely weaker than expectations which has sent yields lower and led to gains in stocks in Europe and the US. In
US Dollar, DXY Index, USD/JPY, Ueda, BoJ, USD/CNH, China, India, Commodities – Talking Points US Dollar is under pressure as BoJ Governor’s Comments Shake Currency Markets Government bond yields are higher globally with JGBs leading the way The ascending trend remains in play for the DXY index for now. Will it reverse? Recommended by Daniel
Higher AUD/USD on the session – rising iron ore price in China a tailwind There are rumours that some Chinese banks are freezing some savings accounts – PBOC denies Bank of America S&P500 technical analysis, 4325 and 4200 as the next two major levels Fund manager says Fed Chair Powell will err on the side
Share: US Producer Price Index (PPI) surpasses estimates, bolstering the US Dollar as Treasury yields soar. Reserve Bank of New Zealand (RBNZ) is expected to maintain rates at 5.50%, adding pressure on the NZD. NZD/USD’s future hinges on US economic data and potential RBNZ rate surprises; 0.5900 level in sight. NZD/USD plunges below