NZD/USD - New Zealand Dollar to US Dollar

The outlook for monetary policies of central banks around the world were one of the main driving factors for the Forex market during the previous week. But while the outlook for Bank of England monetary policy became more hawkish, it was not enough to support the Great Britain pound. Several BoE members made hawkish remarks over the week, leading to speculations that the central bank is going to raise interest rates in the foreseeable future. … Continue reading Hawkish Monetary Policy Outlook Doesn’t Help Sterling

The U.S. Dollar posted a two-sided trade last week, but still managed to eke out a small gain. However, the weak close on Friday suggests that downside momentum may be building. September U.S. Dollar Index futures settled the week at 96.942, up 0.076 or +0.08%. Early in the week, the dollar was driven higher by … Continue reading U.S. Dollar Ekes Out Small Gain, but Investors Worried About Falling Treasury Yields

European stock markets continue to head south, although losses look more muted after equities started to stabilize with oil prices during the Asian session. The ASX outperformed as foreign investors came to the rescue and China’s CSI also managed slight gains, helped by the planned inclusion of 222 mainland equities in the MSSCI index. The … Continue reading European Shares Drift Lower as Neutral ECB Stance is Confirmed

We begin the week with South Korea’s Producer Price Index Growth (YoY) dropping down from a previous value of 4% to 3.5%. New Zealand continues its growth with New Zealand’s Westpac consumer survey rising up to 113.4 in the second quarter from a previous value of 111.9. Yen’s data results were not in line with … Continue reading Morning Market Update – Japanese Yen in Trouble