Page 46 - Alan Oster News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Dollar weakened broadly during Asian session, as relatively upbeat sentiment in stock markets took hold. Despite Japan's Nikkei being down after holidays, stocks in Hong Kong and China are both making gains. Australian and New Zealand dollars emerged as the stronger performers for now, followed by Euro. Meanwhile, Canadian Dollar lagged once again, digesting some of last week's gains. British Pound is mixed, with traders awaiting BoE rate hike and guidance later in the week.

Economic storm clouds have the private sector nervous but conditions for doing business do not yet reflect this...

Business conditions begin to cool as the flow of new purchases dries up. The NAB monthly business survey for April 2023, conducted from 21 to 28 April, ahead of the Reserve Bank of Australia’s (R

Eurn turns weaker today after investor confidence data suggests that economic recovery might be faltering. But for now, Yen and Dollar are even weaker. Sterling and Swiss Franc are not much better than Euro too. Commodity currencies are the stars of the day, with New Zealand Dollar leading the way. Canadian Dollar is also catching up quickly, following Australian Dollar. Overall, the movement in currencies for the rest of the day will very much depend on development in risk sentiment.

Soaring inflation and 11 interest rate rises have pushed business conditions to their lowest level since early 2022.