The early-Asian comments from Australia’s Treasury Secretary and upbeat Consumer Inflation Expectations favors the Aussie. Earlier on Thursday, Australia’s Treasury Secretary Kennedy gave comments praising the Pacific major’s pace of economic recovery. He also said, “Looking forward to an increase in business investment this year and next.” Favoring Aussie, Australian Consumer Inflation Expectations for February [...]
If you have spent any time looking at the forex market, you may have noticed that the markets drop significantly between June and August because you are going on vacation and need to find a cheaper place to buy the currency you have chosen, or because you are a true forex trader or may be [...]
Kiwi is trading downside due to the China’s inflation figures extending the losses by following the comments from Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr. China’s Consumer Price Index (CPI) reduced more than 0.0% expected to -0.3% whereas the Producers Price Index (PPI) eased below 0.4% market consensus to 0.3% YoY in January. [...]
The cable breaks the 13-day-old trading range as broad US dollar weakness supersede uncertainty over Brexit and the coronavirus (COVID-19) vaccine news from the UK. US dollar index (DXY) fell for the third day as the market’s risk-on mood joins reflation fears and directs the traders to the bonds from the greenback. To check the [...]
