Better-than-expected economic data diminishes the chances of further easing from the RBNZ at its upcoming meeting and paves the way for NZD/JPY and NZD/USD to extend recent gains.
Asia-Pacific equities are poised for a mixed start as US equity benchmarks were little changed on Friday. Rising Treasury yields may exert pressure on risk assets as inflation expectations build.
The Australian Dollar is on the move higher as rising commodity prices help bolster sentiment. Australia's vaccine program also offers a price driver, with thousands slated for inoculations.
Market sentiment was a mixed bag as the Dow Jones gained but the Nasdaq Composite weakened. Crude oil prices turned lower. All eyes are on Fed Chair Jerome Powell amid…
Equity markets stumbled slightly last week but there are signs risk appetite lurks beneath the surface as corporations begin embracing cryptocurrency which has provided a boost to Bitcoin.
The US Dollar looks set to continue losing ground against the Australian Dollar, British Pound and Euro in the coming weeks. Key levels for AUD/USD, DXY, EUR/USD, GBP/USD.
The Australian Dollar resumed its uptrend as traders betted on a gradual economic recovery from the coronavirus. Will Fed Chair Jerome Powell be asked about rising Treasury yields?