FX update: NZD overbought

ByDragana My Engine Lab

Market Overview

  • Long term US yield prices hit a 2007 high overnight.
  • The Hollywood writers’ strike has ended agreeing on a deal after 146 days of negotiating.
  • Fed’s Bowman, Further hikes likely to counter high inflation.
  • The ECB has confirmed the interest rate at 4.5% will remain for some time and will do a lot to bring down inflation to the 2% band. Predictions are that the Eurozone will also avoid a recession.
  • The Canadian Dollar (CAD) is the strongest currency in the month of September thus far with the British Pound (GBP) the worst performer.

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