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 [...]
Greenback has bounced-off lows against the yen but remained in a narrow range around mid-105s, as markets remain in a waiting period in the aftermath of Friday’s US NFP report and incoming stimulus headlines. The weakness in USD/JPY was due to the US dollar sell-off due to the employment data disappointment, with only 49K jobs [...]
Fundamental view: The US dollar has rallied significantly during the course of the week. As per the previous week report, In light of ADP's 174,000 new workers on a 49,000 forecast and after an excellent week of US January statistics, including Manufacturing Employment PMI at an 18-month high and Jobless Claims at a nine-week low, data suggested a [...]
