Reserve Bank of New Zealand policy meeting preview - (still) hawkish hold expected
RBNZ decision is due Wednesday May 22
Source: forexlive.com
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Top News In Westpac Today - Breaking & Trending Today
Dollar set for weekly drop on US slowdown signs
The dollar headed for its largest weekly fall versus the euro in two-and-a-half months on Friday as signs of cooling inflation and a softening U.S. economy raised the prospect of rate cuts. ... -May 16, 2024 at 09:10 pm EDT - MarketScreener
Source: marketscreener.com
Morning Report - Action Forex
US equities finished lower, pulling back from a rally that briefly drove the Dow Jones to a record high. A number of hawkish Fed speakers suggested that the Fed is in no rush to cut interest rates. This saw US bond yields increase. The US dollar also advanced.
Source: actionforex.com
Australian Market Notably Lower
Giving up some of the gains in the previous two sessions, the Australian stock market is notably lower on Friday, following the broadly negative cues from global markets overnight.
Source: rttnews.com
Asian Markets Track Global Markets Lower
Asian stock markets are trading mostly lower on Friday, following the broadly negative cues from global markets overnight, as traders seemingly pausing to assess the near-term outlook for the markets and indulged in taking out some profit from the market following recent gains after the recent rally.
Source: rttnews.com