Forex Today: RBNZ surprises with 50 bps hike, eyes on key US data – by eren_fxstreet Majors Currencies Macroeconomics Commodities CryptoCurrencies
The US Dollar seems to have stabilized early Wednesday after having suffered heavy losses on Tuesday. The New Zealand Dollar gathers strength against its rivals on unexpected central bank action and the mood remains cautious. Private sector employment data from the US alongside February trade balance figures will be featured in theThe Reserve Bank of New Zealand announced earlier in the day that it raised the official cash rate by 50 basis points from 4.75% to 5.
Following the Reserve Bank of Australia's decision to keep the policy rate unchanged, RBA Governor Philip Lowe explained on Wednesday that the decision to hold rates steady does not necessarily imply that rate hikes are over. Lower further added that it is common practice to move rates multiple times, then wait for a while and move again if necessary., however, struggled to capitalize on these hawkish remarks and was last seen trading in negative territory below 0.6750.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FOREX Dollar struggles on weak data; Kiwi surges on RBNZ surpriseThe U.S. dollar was stuck near two-month lows on Wednesday as weak economic data bolstered views that the Federal Reserve is near the end of its tightening cycle, while the New Zealand dollar jumped after a larger-than expected interest rate hike.
Read more »
Forex Today: Oil jumps on surprise output cut, US Dollar benefits from cautious moodHere is what you need to know on Monday, April 3: Markets have started the week on a cautious note and the US Dollar has kept its footing after having
Read more »
Forex Today: Markets remain upbeat despite OPEC+ surprise output cut; RBA nextThe OPEC+ shocked markets on Monday, sending crude oil prices sharply higher, but Wall Street kept rallying. On Tuesday, attention will be back on the
Read more »
Forex Today: Dollar under pressure, Gold jumps and US yields tumbleData from the US weighed on the US Dollar, which remains under pressure ahead of more employment figures, including NFP on Friday. The ADP Employment
Read more »
5 family-friendly beaches in Toronto and the GTA - Today's Parent - Today's ParentWhether you're looking for a day of fun or a weekend away, these beaches in Toronto and the GTA offer the perfect family oasis. staycation toronto
Read more »