NZD/USD rises toward 0.6150 after the RBNZ decides to keep OCR unchanged
AMarkets – Forex News
by AMarkets
44m ago
NZD/USD received support as RBNZ maintained the interest rate at 5.5% as inflation remained elevated. RBNZ is expected to maintain higher rates for longer as annual CPI remains above the 1-3% target band. Fed’s Susan Collins stated that progress toward interest rate adjustment will take longer. The NZD/USD pair rebounded after two days of losses, trading around 0.6140 during Asian hours on Wednesday following the Reserve Bank of New Zealand’s (RBNZ) interest rate decision. The central bank maintained its Official Cash Rate (OCR) at 5.5% for the seventh consecutive meeting as inflation remain ..read more
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New Zealand RBNZ Interest Rate Decision in line with expectations (5.5%)
AMarkets – Forex News
by AMarkets
45m ago
The post New Zealand RBNZ Interest Rate Decision in line with expectations (5.5%) first appeared on Online broker AMarkets ..read more
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UK CPI growth set to fall back near BoE target in April due to lower energy prices
AMarkets – Forex News
by AMarkets
45m ago
The UK Office for National Statistics will publish the CPI report on Wednesday. United Kingdom’s headline and core annual inflation are likely to fall sharply in April. The UK CPI data could affirm BoE June interest rate cut expectations, triggering a big move for the Pound Sterling. The United Kingdom’s (UK) Office for National Statistics (ONS) will release the high-impact Consumer Price Index (CPI) data on Wednesday at 06:00 GMT. The UK CPI inflation report could show a fresh significant decline in inflation, ramping up expectations of an interest-rate cut by the Bank of England (BoE) in J ..read more
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PBOC sets USD/CNY reference rate at 7.1077 vs. 7.1069 previous
AMarkets – Forex News
by AMarkets
45m ago
The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1077, as against the previous day’s fix of 7.1069 and 7.2376 Reuters estimates. The post PBOC sets USD/CNY reference rate at 7.1077 vs. 7.1069 previous first appeared on Online broker AMarkets ..read more
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Gold price clings to mild losses ahead of FOMC Minutes
AMarkets – Forex News
by AMarkets
45m ago
Gold price trades with mild negative bias in Wednesday’s early Asian session. The cautious approach from Fed officials weighs on precious metals.  Gold traders will monitor the  FOMC Minutes and Fed’s Goolsbee speech.  Gold price (XAU/USD) trades on a negative note on Wednesday after retreating from a record high on Monday. Members of the Federal Reserve (Fed) warned that the US central bank needed much more convincing that inflation was easing before it could begin cutting interest rates, emphasizing the Fed is likely to keep rates higher for longer. This, in turn ..read more
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Japan Machinery Orders (MoM) came in at 29%, above forecasts (-2.1%) in March
AMarkets – Forex News
by AMarkets
2h ago
The post Japan Machinery Orders (MoM) came in at 29%, above forecasts (-2.1%) in March first appeared on Online broker AMarkets ..read more
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Japan Machinery Orders (YoY) increased to 2.7% in March from previous -1.8%
AMarkets – Forex News
by AMarkets
2h ago
The post Japan Machinery Orders (YoY) increased to 2.7% in March from previous -1.8% first appeared on Online broker AMarkets ..read more
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Japan Imports (YoY) came in at 8.3% below forecasts (9%) in April
AMarkets – Forex News
by AMarkets
2h ago
The post Japan Imports (YoY) came in at 8.3% below forecasts (9%) in April first appeared on Online broker AMarkets ..read more
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Japan Exports (YoY) below expectations (11.1%) in April: Actual (8.3%)
AMarkets – Forex News
by AMarkets
2h ago
The post Japan Exports (YoY) below expectations (11.1%) in April: Actual (8.3%) first appeared on Online broker AMarkets ..read more
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Japan Machinery Orders (MoM) registered at 2.9% above expectations (-2.1%) in March
AMarkets – Forex News
by AMarkets
2h ago
The post Japan Machinery Orders (MoM) registered at 2.9% above expectations (-2.1%) in March first appeared on Online broker AMarkets ..read more
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