The New Zealand dollar has posted gains on Wednesday. NZD/USD is trading at 0.5721 in the European session, up 0.31% on the day. RBNZ chops rates by 50 bps as expected The Reserve Bank of New Zealand slashed the cash rate by 50 basis points, bringing the cash rate to 3.75%. The markets had priced […]
The post RBNZ Lowers Rates by 50 bps, NZ Dollar Gains Ground appeared first on Action Forex.
At a parliamentary committee hearing today, RBA Governor Michele Bullock explained that this week’s 25bps rate cut was based on better-than-expected inflation data, weaker private demand, and wage growth aligning with forecasts. Also, she acknowledged Read more…
Australia’s PMI data for February showed continued expansion in private sector activity, with Manufacturing PMI rising to from 50.2 to 50.6, its highest level in 27 months. Meanwhile, Services PMI edged up from 51.2 to Read more…
As a lifelong car enthusiast, I can attest that no artisanal or designer fragrance, vivid memory, or carefully cut flower beats anything other than the new car smell. However, for a growing number of Americans, Read more…