Calendar of Economic Releases
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The Australian Dollar (AUD) extended its recovery north Monday against the US Dollar (USD) reaching 0.6370 into early Tuesday a fresh yearly high in the cross. A combination of factors has contributed to the upbeat AUD of late including sentiment around a Ukraine/Russia peace deal and softer US Retail Sales. All eyes are on today’s…
On Wednesday, the RBNZ hiked interest rates 50 points to 4.75% as widely predicted with peak expectations of 5.5% marked slightly lower in late 2023. Recent devastation from cyclone Gabrielle could spoil this however as we head into 2024 with a tight labour market and inflation if it stays stubbornly high for longer periods. Softer…
Market Overview Key Points: Worldwide coronavirus cases surpass 247.697 million with over 5.018 million official deaths. New Zealand has 1929 active cases of coronavirus with 129 new cases today. Meanwhile, the Australian State of New South Wales reported 135 new cases and 4 deaths yesterday with Victoria reporting 1471 new cases with 4 deaths NSW…
Contact us for a quote Below are the weekly economic releases for this week (NZT) Tuesday 24/03 915pm, EUR, French Flash Services PMI Forecast 39.6 Previous 52.5 930pm, EUR, German Flash Manufacturing PMI Forecast 40.1 Previous 48 930pm, EUR, German Flash Services PMI Forecast 43 Previous 52.5 1030pm, GBP, Flash Manufacturing PMI Forecast 45.1 Previous…
Market Overview: Markets closed lower to end the week as investors took on less risk. Geopolitical issues affected currency markets with North Korea concerns rearing its ugly head once again. The on again off again June 12thmeeting between President Trump and Kim Jong seems to be back to track less than 24 hours after Trump’s decision…
The Australian Dollar has steadily lost ground against the reserve currency. The lack of a trade agreement with the USA, will ensure further instability. The AUD surrendered 0.6400, by the end of the last trading week, but a weaker reserve to open the week has allowed a recovery. The RBA is likely to resume interest…