Swiss Franc is trading as the strongest one for the month so far. It was boosted by SNB’s surprised 50bps rate hike earlier. Also, latest data showed that total level of the central bank’s sight deposits fell by CHF -3.37B to CHF 748.46B last week, the biggest drop since early 2012. That’s seen as a […]
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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…
Media release The Monetary Policy Committee today agreed to reduce the Official Cash Rate by 50 basis points to 4.25 percent. Annual consumer price inflation has declined and is now close to the midpoint of Read more…