A narrow centre-right lead after Saturday’s New Zealand election reduces the immediate risk of a more dovish RBNZ mandate, giving the New Zealand Dollar mild support. But the one-seat majority is fragile with special votes outstanding until November 27, and neither AUD/NZD nor NZD/USD has confirmed a technical reversal.
The post NZD Gets Mild Election Support, but AUD/NZD and NZD/USD Still Signal Caution appeared first on ActionForex.
Gold starts the week around 4,100 USD per ounce after a strong US labour market report. After reaching a local high of 4,106 USD, gold fell nearly 1% to 4,060 USD as the data reinforced Read more…
Markets The blowout October payrolls report resulted in textbook bear flattening of the US yield curve with Treasuries outperforming Bunds. Front-end rates added 5 bps, long-term maturities rose by 1.1-2.2 bps in the 10-30-yr bucket. Read more…
In focus this week In the euro area, the Eurozone’s group of finance ministers will take stock of the two candidates to succeed Lagarde as ECB President. Spaniard De Cos and Dutchman Knot were the Read more…