The US Dollar weakened during the US trading session ahead of the key CPI data in the United States. On Wall Street, the Dow Jones gained 0.93% and the Nasdaq rose 0.55%. Gold rose to $1,940, while Silver finished flat around $23.10. Crude oil prices rose more than 2%.The improvement …
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The US dollar declined on Friday and dropped for the week. The Dollar Index remained in negative territory as a result of encouraging news from China and falling US yields. American stocks experienced weekly gains following February’s significant losses. After good performance in February, the dollar experienced its first weekly …
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“The projected cash rate peak is not set in stone,” Reserve Bank of New Zealand (RBNZ) Assistant Governor, Karen Silk expressed her view Friday.The news allows NZD/USD to remain firmer even as the geopolitical fears join broad US Dollar strength to challenge the bulls. The reason could also be linked …
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The Reserve Bank of New Zealand’s governor, Adrian Orr has said that core inflation is too high and that expectations are elevated.Orr has voiced concerns over the difficulties people faced paying for goods and services while power, communications and services were down in flood-affected regions.Orr indicated he was not happy …
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The Reserve Bank of New Zealand (RBNZ) will announce its monetary policy decision on Wednesday, February 22 at 01:00 GMT and as we get closer to the release time, here are the expectations as forecast by the economists and researchers of three major banks. RBNZ is expected to raise the …
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The Reserve Bank of New Zealand (RBNZ) will announce its monetary policy decision on Wednesday, February 22 at 01:00 GMT and as we get closer to the release time, here are the expectations as forecast by the economists and researchers of six major banks. According to a Reuters survey of …
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NZD/USD rallied to a high of 0.6236 on Wednesday, from the 0.6123 low. The pair was getting closer to its strongest levels in nearly three months after the RBNZ decided a supersized 75 basis point rate hike to get ahead of inflation.The latest RBNZ’s rate hike has been the largest …
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The US dollar plummeted on Tuesday amid the better performance of global equities which closed in the green territory on the back of positive risk appetite Wall Street posted considerable gains, adding the most in the final hours of trading. On the other hand, US Treasury yields edged lower with …
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On November 1 New Zealand house prices showed the first sign of strain, with their first annual fall in more than 11 years. Prices fell 0.6% from the previous year, and values fell for a 7th consecutive month. This is due to the affordability challenge for buyers either getting new …
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Adrian Orr, the governor of the Reserve Bank of New Zealand has stated that he thinks there will be at least another couple of rate hikes. This is being reported by Bloomberg TV covering Jackson Hole. Federal Reserve chair Jerome Powell’s speech is going to be key, but the bears …
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