TD Securities Predicts RBNZ Interest Rate Hikes Amid Surging Inflation Expectations
TD Securities has joined the ranks of banks forecasting the Reserve Bank of New Zealand (RBNZ) to raise interest rates, adding momentum to the recent strength of the New Zealand Dollar. In a research note indicating a change in
Read MoreThe Interplay Between USD and Tech Stocks: Unveiling Market Dynamics
In recent discussions within the foreign exchange (FX) community, there is a growing debate on whether the fervor for Nvidia shares among investors is transcending into currency markets. This week’s attention has been drawn to the notable pullback in the
Read MoreCommerzbank’s Positive Outlook for New Zealand Dollar Amid Challenges
The New Zealand Dollar has encountered challenges recently, influenced by various factors, according to an analysis by Commerzbank. Despite facing pressure due to broader U.S. Dollar strength and domestic issues, the analysis suggests a more optimistic outlook for the currency
Read MoreU.S. Inflation Surprises Weigh on Pound-Dollar Exchange Rate
The Pound to Dollar exchange rate faced downward pressure towards the end of the week following a recent U.S. inflation report signaling persistent price pressures. The surprise upside in both the Consumer Price Index (CPI) on Tuesday and the Producer
Read MoreNew Zealand Dollar Strengthens Amidst Anticipation of Further Interest Rate Rise
The New Zealand Dollar (NZD) exhibits resilience in the currency markets, demonstrating strength as traders factor in the likelihood of an additional interest rate hike at the Reserve Bank of New Zealand (RBNZ). According to Carol Kong, a strategist at
Read MoreAustralian Dollar Faces Early Challenges in 2024, but Resilience Expected
The Australian Dollar has encountered a challenging start to the year 2024, yet UBS strategists remain optimistic about the currency’s potential for outperformance. Despite acknowledging increased risks, the analysis from UBS underscores compelling domestic factors that could contribute to the
Read MoreBank of England Hints at Interest Rate Cut, Pound Volatility Ensues
In a noteworthy turn of events, the British Pound experienced volatility following the Bank of England’s decision to maintain existing interest rates while subtly hinting at the possibility of a future rate cut. The central bank effectively communicated its expectation
Read MoreRobust US Job Data Stalls Rate Cut Speculations, Puts Dollar Bulls in Charge
The Pound Sterling faced a substantial downturn against the resilient US Dollar after the release of robust employment and wage data, dashing hopes of an imminent Federal Reserve rate cut in March. The US announced an astonishing creation of 353,000
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