FX News

This Weeks Key Points

The ECB raised their benchmark interest rate to 4.00% from 3.75% with Lagarde saying another hike was expected in July.
New Zealand House Price medium in May is unchanged from April.
China is expected to step in supporting the housing sector further to boost growth.
Recent forecasts are predicting the UK to narrowly avoid drifting into a recession.
The Peoples Bank of China cuts the interest rate from 2.75% to 2.65%.
Analysts are predicting many more rate hikes from the Bank of England to come.
Australian Unemployment dips to 3.6% from 3.7%.
New Zealand Manufacturing contracted in May, the index at 48.9 following 3 months of poor performance and well under the long-term average of 53.0.
The Australian Dollar (AUD) has been the standout performer in the week or May compared to the Japanese Yen (JPY) , the worst performing currency.

Previous ArticleNext Article