NZD/USD remains steady around 0.6360 on higher-than-expected NZ PMI, Fed Powell in focus By Sagar_Dua24 NZDUSD Fed PBOC PMI GDP
The kiwi bulls are performing strongly from the last two trading sessions despite the downbeat numbers. A country’s GDP data states its overall economic growth and possess significant importance. The GDP has tumbled to 1.2%, significantly lower than the estimates of 3.3% and the prior print of 3.1%on an annual basis. More adverse, the quarterly figures have shifted to negative territory. The quarterly GDP has landed at -0.2%, much lower than the consensus and the former figure of 0.
dollar will be guided by the interest rate decision from the People Bank of China . Officially, the one-year loan prime rate of the PBOC stands at 3.7% while the five-year rate is at 4.6%.index has recorded a two-day losing streak after the Federal Reserve announced a rate hike by 75 basis points . A 75 bps rate hike option gained popularity on the release of the four-decade-high US Consumer Price Index at 8.6%.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NZD/USD rallies towards 0.6300 after Fed’s Powell press conferenceThe NZD/USD advanced after the Federal Reserve hiked 75 bps, the biggest rate increase since 1994, which sent the NZD/USD towards the daily low of aro
Read more »
EUR/USD remains vulnerable near 1.0400 amid ECB news, choppy USDEUR/USD is attacking 1.0400, unable to sustain the recovery near the 1.0425 region, as EUR bulls remain unimpressed by the latest European Central Ban
Read more »
USD/CAD faces barricades around 1.2950 ahead of Fed Powell, oil prices correct mildlyThe USD/CAD pair has witnessed a minor selling pressure around 1.2950 and has slipped a little lower for now. On a broader note, the greenback bulls a
Read more »
NZD/JPY Price Analysis: Bulls testing a critical resistance areaNZD/JPY is testing the limits of the support and resistance channel on the hourly chart as follows: A break of the resistance opens the risk of a tren
Read more »
GBPUSD Forex Signal GBP to Tilt Lower Ahead of BOE DecisionThe $GBPUSD pair drifted upwards after the hawkish Fed decision.
Read more »