NZD/USD bulls throw in the towel with 0.6200 eyed
At 0.6231, NZD/USD is lower by some 0.45% and has fallen from a high of 0.6280 to a low of 0.6224 on the day. The bears have been in charge during a r
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At 0.6231, NZD/USD is lower by some 0.45% and has fallen from a high of 0.6280 to a low of 0.6224 on the day. The bears have been in charge during a r
USD: Biding its time near the highs There is a complex layer of stories at play in FX markets at present. Risk assets have temporarily stabilised and US activity data is holding up such that investors remain happy to price a Fed terminal rate up at 3.25% next year. This is keeping the dollar generally ...
The dollar is weaker across the board after the FOMC meeting. In the view of economists at ING, soft landing seems wishful thinking. Subsequently, the
USD: Sizing the dollar correction The dollar is weaker across the board after last night’s FOMC meeting. One could be forgiven for thinking this was a dovish hike given the market reaction. The catalyst for the move seems to be Powell’s remarks in his press conference that 75bp increment adjustments were not on the table. ...
USD: Consolidation ahead? The week has started with markets adding some fresh risk premium related to new sanctions against Russia. While new measures are under discussion among EU members, the US Treasury has already acted by halting dollar payments from Russian government accounts at US banks. This move is aimed at forcing Moscow to either ...