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New Zealand Dollar reaches April lows as Fed expectations strengthen US Dollar

New Zealand’s Kiwi is waiting as the RBNZ is constrained by its own interest rate reductions.

NZD/USD Overview As of Friday, the NZD/USD exchange rate was around 0.5740, reflecting a dip of 0.28% for the day. This decline can be attributed to the US dollar’s strength, driven by expectations of a tight monetary policy in the United States. Notably, the currency pair has been declining for three straight days, nearing its […]

New Zealand drops to close to 0.5800 as China’s retail sales miss expectations

New Zealand drops to close to 0.5800 as China's retail sales miss expectations

The NZD/USD pair saw a dip to approximately 0.5810 during the Asian trading session on Tuesday. This decline in the New Zealand dollar (NZD) against the US dollar (USD) was triggered by disappointing economic data from China. Many are now looking ahead to the US Federal Reserve’s interest rate decision expected later on Wednesday. According […]

Worker Confidence Grows as Americans’ Expectations for Inflation Decrease, Survey Indicates

Worker Confidence Grows as Americans’ Expectations for Inflation Decrease, Survey Indicates

Consumer Confidence Rises Amid Mixed Economic Signals In May, American workers showed greater confidence, despite a decrease in inflation expectations, as reported by the New York Fed’s latest consumer expectations survey released on Monday. The likelihood of voluntarily leaving a job within the next year increased by 2.6 points, reaching 20.8 percent—marking the highest level […]

FX Daily: Dollar strengthened by Fed expectations and tech market challenges

FX Daily: Dollar strengthened by Fed expectations and tech market challenges

Dollar Rally and Economic Perspectives On Friday, there was a notable rally in the dollar, the most extensive seen in some time. A key factor behind this movement was robust US jobs data, which heightened optimism that this year’s energy inflation challenges might lead to secondary effects. The market is anticipating nearly 30 basis points […]

Construction Spending Surpasses Expectations Due to High Demand from AI

Construction Spending Surpasses Expectations Due to High Demand from AI

Construction Spending Surpasses Expectations in April The U.S. experienced a surprising increase in construction spending in April, largely due to growth in AI-related sectors and a boost in single-family home building. According to the Census Bureau of the Commerce Department, construction spending in March increased by 0.4%, which is double what analysts predicted. Initially, a […]

Euro rises against Yen as German data and ECB rate hike expectations provide support

EUR/USD strengthens above 1.1900 before US January NFP data

As of Monday, EUR/JPY was trading at about 185.80, showing a slight gain of 0.05% for the day. Anticipation of additional monetary tightening from the European Central Bank (ECB) is bolstering demand for the euro (EUR), with the pair also getting some support after the release of German retail sales data. According to Destatis, German […]