The Reserve Bank of New Zealand (RBNZ) recently justified its rate cuts by citing a challenging economic outlook and subdued inflation, which has now returned to the central bank’s target range of 1% to 3%. Earlier this year, the RBNZ lowered the...
Bank of Japan (BoJ) Governor Kazuo Ueda recently reaffirmed the central bank’s commitment to gradually raising interest rates from their historically low levels if the economy and inflation evolve in line with expectations. Despite maintaining the...
The currency pair experienced a lackluster performance on Monday, testing the limits of the 1.2550 threshold before succumbing to downside pressure. By the close of the session, the pair had dipped approximately 0.2%, settling around the 1.2490...
The Australian dollar made a strong recovery, recovering most of its losses from the previous session's decline. Currently, it seems that it is determined to break the critical level of 0.63. However, the real test awaits us at the level of 0.6350,...
The currency pair has risen sharply, reaching near 1.0440, fueled by a weakened US Dollar (USD) and the Euro’s (EUR) sustained performance. This surge comes on the back of strong Eurozone economic data, which have tempered expectations for...
