The Reserve Bank of New Zealand (RBNZ) is about to keep the Official Cash Rate (OCR) on hold at its first monetary policy decision of 2021 next week, as the economy stages a swift turnaround from the coronavirus crisis. All of the 12 economists concluded that the Reserve Bank of New Zealand (RBNZ) will be [...]
Japan's central bank governor said that he told the country's prime minister the bank would conduct a review of its policy tools in March to make sure that it can maintain ultra-loose monetary settings for a long period. Governor Haruhiko Kuroda said he also told Prime Minister Yoshihide Suga that the global economy appeared to [...]
Yellow metal moved lower on Tuesday following the long US holiday weekend. Gold prices were same on Monday with low volume. US yields shot higher on Tuesday rising 7-basis points and hitting the highest levels seen since February 2020. The uptrend momentum in US yields is adding support on the US dollar and weighing on [...]
UK’s ability to reach its covid vaccine benchmark of 15 million has favored the pound for last 3 days. The Tory-government's action also helped in gaining good covid results, which in return led to renewed chatters over easing virus-led activity restrictions. The broad US dollar weakness amid hopes of the US coronavirus (COVID-19) stimulus package [...]
