US Conference Board Consumer Confidence plunged from 103.1 to 97.0 in April, well below expectation of 104.0. Present Situation Index fell from 146.8 to 142.9. Expectations Index fell from 74.0 to 66.4. “Confidence retreated further in April, reaching its lowest level since July 2022 as consumers became less positive about the current labor market situation, […]
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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…