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A review of things you need to know before you sign off on Thursday; BNZ trims mortgage rates, trade deficit falls, credit cards out of favour, inflation expectations stinger, poverty progress?, swaps firm, NZD firm, & more
EUR/USD extended its recent uptrend after closing in positive territory on Wednesday and touched its highest level since early February above 1.0850 on Thursday.
Negative sentiment triggered by hints of the Fed being in no hurry to slash rates were offset by the strong earnings boost from the corporate sector..
The US Dollar Index (DXY) saw a slight upswing to 104.10 in Thursday’s session following the release of mixed economic activity data and positive labor market figures.
The upward momentum of the Australian dollar paused as it faced selling pressure upon approaching the key 0.6600 hurdle vs.