NZD remains firm ahead of RBNZ meeting
The New Zealand dollar is the strongest currency this week so far (and second strongest overnight) ahead of tomorrow’s RBNZ meeting, where the central bank is expected to hold rates steady yet upgrade economic forecasts. With inflation expectations ripping higher it may force RBNZ to be less dovish, although if history tells us anything they are unlikely to be hawkish whilst most other central banks remain defiantly dovish.
NZD/USD rose to a two-day high overnight and could be headed for 0.7250 if dollar weakness persists today.
EUR/NZD has met resistance at its 200-day eMA, with three of the prior four days seeing failed attempts to close above it before printing a bearish inside candle yesterday.
Bitcoin Slips as Double-Digit Percentage Rally Pauses
Bitcoin trades lower as prices come off a recent double-digit percentage rally driven by tweeted comments from Tesla CEO Elon Musk.
Author:
May 25, 2021 7:40 AM EDT
Bitcoin was lower on Tuesday as prices for the world’s biggest cryptocurrency pulled back from a recent double-digit percentage rally driven by renewed comments from Tesla (
TSLA) - Get Report CEO and techno-turned-token king Elon Musk.
Bitcoin was down 1.5% early Tuesday at $36,967, according to CoinDesk, following a 16% jump on Monday. Ethereum, the No. 2 cryptocurrency, was up 7.65% at $2,451.37.
Bitcoin on Sunday fell to near $32,200, a drop of more 31% over the past seven days. In April, it recorded an all-time high of $64,829.
Ripple effect of Suez Canal blockage continues to impact shipping trade
May 25, 2021
FILE PHOTO: Ship Ever Given, one of the world s largest container ships, is seen after it was fully floated in Suez Canal, Egypt March 29, 2021 - REUTERS
FILE PHOTO: Ship Ever Given, one of the world s largest container ships, is seen after it was fully floated in Suez Canal, Egypt March 29, 2021 - REUTERS×
Severe shortage of containers have pushed freight rates to an all-time high
It’s been two months since the Suez Canal blockage happened, but its impact continues to worry the shipping trade as severe shortage of containers have pushed freight rates to an all-time high to key markets like the US and Europe.
Azerbaijanâs Trading House unveils in Kazakh capital 25 May 2021 20:11 Share in: Related news
As stated there, the Trading House opened on the eve of the landmark event. On May 28 Azerbaijan will celebrate 103
rd anniversary of its statehood. The opening was initiated by the Leaders of the two states. It is the only trading house of Azerbaijan in Kazakhstan. Its branches will open soon in Aktau and Almaty.
The Trading House is expected to give good opportunities for exporters of Kazakhstan and Azerbaijan. There will be represented Azerbaijanâs special treats, food, and other goods. Share in:
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