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Looking Ahead: Markets Turn Attention to PMIs and Central Bank Activities

US Dollar drops to 2022 lows as 'Sell America' trend grows ahead of Fed's decision

U.S. Economic Data Sparks Interest Rate Speculation Recent U.S. economic indicators have surpassed expectations, intensifying speculation that the Federal Reserve might raise interest rates for a prolonged period. This development propelled the U.S. dollar index (DXY) above 99.30, reaching a multi-week peak on Friday. Retail sales saw a 0.5% increase in April, showcasing robust consumer […]

New Zealand Dollar falls as strong US inflation shifts attention to RBNZ forecast

New Zealand dollar declines as US-Iran tensions boost USD before US CPI report

As of Tuesday, NZD/USD was trading at approximately 0.5940, marking a decline of 0.41% for the day. This decrease is largely attributed to unexpectedly high inflation figures from the United States, which is exerting downward pressure on the market. The strengthening of the U.S. dollar seems to be diminishing hopes for monetary easing by the […]