Australian Dollar stays above 1.2100 against NZD while focusing on Aussie GDP and RBNZ
The AUD/NZD exchange rate has moved into positive territory for the fourth consecutive day, showing some recovery after dipping to around 1.2065. It has now reached a high not seen since July 9 during the Asian trading hours on Monday. However, the current spot prices are struggling to maintain this positive momentum, sitting just above […]
Asia-Pacific FX news summary: AUD and NZD fall, INR rises
Amid sensitive discussions surrounding succession, Lagarde expressed her desire to conclude her term at the ECB. Westpac highlights that Australia’s unemployment rate may obscure underlying weaknesses in demand and falling workforce participation. Currency intervention reports suggest that the Reserve Bank of India is selling USD/INR to bolster the rupee. Goldman forecasts that gold prices will […]
AUD and NZD rise following announcement of US-China trade deal
High Risk Warning: Trading in foreign exchange carries significant risks and may not be appropriate for everyone. The use of leverage can amplify both gains and losses. It’s crucial to evaluate your investment goals, experience, and tolerance for risk before engaging in forex trading. Be prepared to potentially lose some or even all of your […]
Asia-Pacific FX news summary 20 Aug: NZD falls after RBNZ signals softness
High risk warning: Forex trading carries significant risks that may not be right for everyone. The use of leverage can heighten this risk and potential for losses. It’s important to thoroughly assess your investment goals, experience, and comfort with risk before engaging in Forex trading. You might end up losing your initial capital, so only […]