The S&P 500 index began this week by trading 0.5% lower at the opening bell as the NY Empire State Manufacturing Index for January featured a huge miss, reaching a level not seen since the depths of the pandemic nearly four years ago.
The NZD/USD pair faces an intense sell-off as the People’s Bank of China (PBoC) has kept the medium-term lending facility rates surprisingly unchanged at 2.5%.
Australia’s Retail Sales, a measure of the country’s consumer spending, improved 2.0% MoM in November from the previous reading of a 0.2% drop, according to the official data published by the Australian Bureau of Statistics (ABS) on Tuesday.
The AUD/USD pair has witnessed a steep fall as investors have rushed towards safe-haven assets to safeguard themselves against escalating volatility ahead of the United States Nonfarm Payrolls (NFP) data, which will be published at 13:30 GMT.