The NZD/USD pair continues its downward trend, dropping to 0.6240 in its third consecutive session of declines. This ongoing sell-off in the New Zealand dollar is driven by market expectations of an upcoming interest rate cut by the Reserve Bank of New Zealand (RBNZ). New Zealand’s borrowing costs are currently at 5.25% per annum, with […]
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Market picture The crypto market lost another 1.44% of its capitalisation in 24 hours to $2.13 trillion. The pressure is due to the ongoing wave of dollar gains and declines in risk assets due to Read more…
Cable remains firmly in red and accelerated lower on Thursday morning, falling over 1% for the session. Sterling came under increased pressure from dovish comments from BoE Governor Bailey, who said the central bank could Read more…
Eurozone PPI rose by 0.6% mom in August, exceeding expectations of 0.3% mom. On a year-over-year basis, however, PPI fell by -2.3% yoy, slightly better than the anticipated -2.4% yoy decline. Breaking down the monthly Read more…