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RBNZ waiting to assess upcoming jobs and inflation data
The New Zealand economy is set to release a raft of employment and inflation data this week, with the data having the potential to determine whether the Reserve Bank of New Zealand will cut interest rates next week. Expectations are currently extremely low that the RBNZ will cut interest rates next week, following a series[…]
Central bank interest rate decisions heavily in focus this week
Interest rate decisions from the Reserve Bank of Australia and the Bank of England headline the economic calendar this week, with most economists predicting that both central banks will keep interest rate and monetary policy unchanged. The Reserve Bank of Australia is widely tipped to get keep rates on hold this month, following a recent[…]
Greenback pressured despite FED hinting at rate cut pause
The U.S Dollar continued to trade on the back foot against a basket of major currencies on Thursday, despite the latest FOMC policy statement signalling that the central bank may start to pause its ‘rate adjustment cycle’. The greenback suffered its heaviest losses against the euro and the Japanese yen currency, as traders reacted to[…]