The New Zealand Dollar gyrated versus the US Dollar after the RBNZ raised its official cash rate (OCR) by 25 basis points, meeting analysts' expectations.
The Australian Dollar was largely unchanged versus the Greenback overnight as Wall Street rotated out of tech stocks. The RBNZ rate decision and commentary from RBA Assistant Governor Bullock are…
The Mexican peso weakens against the U.S. dollar as the plunge in the Turkish lira weighs on sentiment, while rising U.S. yields aggravate the sell-off.
CAD/JPY is re-loaded and for CAD bulls, this may be one of the more attractive pairs out there. USD/CAD remains in a clear bullish trend, driven by USD strength.
Gold prices have been obliterated this week as Fed rate hikes have surged around commentary from Fed Chair Powell and incoming Fed Vice Chair Brainard.
The bullish price action in USD/JPY may persist as Federal Reserve officials show a greater willingness to implement a rate hike sooner rather than later.