AUD/USD and NZD/USD Target Additional Gains

The RBNZ cut the OCR to 5.25% at its August policy meeting by unanimous decision. We think the RBNZ only seriously considered the option of cutting the OCR by 25bps at this point. The Governor noted that there are further meetings this year where further adjustments can be made. The revised projections lowered the OCR […]

The British pound has been one of the best-performing currencies in recent weeks, driven by a good run of UK data and expectations that the Bank of England will not cut interest rates at its upcoming meeting. However, there are signs that a correction may be imminent, as the GBP/USD pair is trading in overbought […]

The yen has experienced significant fluctuations in recent weeks, initially gaining ground against the weakening US dollar in December but subsequently losing those gains as the dollar rebounded in January. USD/JPY reached 148.80 on Friday, the highest level since November 28, prompting concerns that if the yen continues to depreciate, the Ministry of Finance might […]