Forex News

When it comes to the value of the New Zealand Dollar (NZD), various economic factors play a crucial role in determining its strength and weaknesses. The government’s deficit, fiscal policies, and external influences all contribute to the fluctuations of the Kiwi in the foreign exchange market. Government’s Deficit and Fiscal Policies Finance Minister Nicola Willis
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The USD/CAD pair drifted lower to 1.3640 in Wednesday’s early European session despite the softer Canadian CPI inflation data. The annual Canadian CPI inflation rate slowed to 2.7% in April from 2.9% prior, increasing the likelihood of a rate cut from the Bank of Canada (BoC) in June. Speculation and Investor Sentiment Following the release
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The Reserve Bank of Australia (RBA) recently published the Minutes of its May monetary policy meeting, where the board members deliberated on the possibility of raising rates. Ultimately, the board agreed that the case for maintaining steady policy was stronger. The minutes also revealed that the board found it challenging to predict future changes in
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When delving into the world of investing in open markets, it is crucial to understand the risks and uncertainties involved. While the allure of potential profits may be enticing, it is important to remember that the markets are volatile and unpredictable. The information provided on platforms like FXStreet should be viewed as informational rather than
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The US Dollar experienced a significant correction following the release of the latest Consumer Price Index (CPI) data, indicating a resurgence of disinflationary trends in April. As a result, the US Dollar Index hovered near the 104.00 level, signaling a potential downside break. Federal Reserve Bank officials, including Chicago President Austan Goolsbee and Minneapolis President
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Japan’s Economy Minister Yoshitaka Shindo expressed optimism on Thursday regarding the country’s economic prospects, stating that the Japanese economy is expected to continue its moderate recovery. He emphasized the importance of closely monitoring the risks associated with foreign exchange fluctuations that could potentially drive up domestic prices. Shindo highlighted the need to pay close attention
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