With inflation data and manufacturing data from both the US and the EU this week, EUR/USD could be volatile. The European Central Bank held an extraordinary meeting two weeks ago to discuss the fragmentation of European counties between the peripheral countries, such as Italy and Greece, and the core countries, such as Germany and France. […]
The post Currency Pair of the Week: EUR/USD appeared first on Action Forex.
The RBNZ cut the OCR by 50bps to 4.25% at its final policy meeting for this year. The RBNZ’s OCR forecast profile was revised down as expected and now shows the OCR at 3.55% at Read more…
AUD/NZD plunged in the Asian session, driven by contrasting developments in Australia and New Zealand. However, it is too early to declare a bearish trend reversal for the cross, with near-term sideways consolidation likely. In Read more…
RBNZ delivered a widely expected 50bps cut to its Official Cash Rate, bringing it down to 4.25%. The central bank maintained easing bias, stating that if economic conditions align with projections, “the Committee expects to Read more…