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New Zealand Dollar falls notably during Asian session, triggered by the latest survey from the RBNZ, which revealed a further easing in inflation expectations. The implications of these findings have prompted traders to pare back the bets on the likelihood of more monetary tightening imminent meeting February. Australian Dollar is also dragged down by the […]

The post A Packed Day With UK Employment, Swiss CPI, German ZEW, and US CPI appeared first on Action Forex.

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Dollar Strengthens Modestly as Forex Markets Quiet
07/05/2024

Dollar Strengthens Modestly as Forex Markets Quiet

The forex markets are displaying some calmness today. While Dollar is trading as the strongest performer, it lacks clear upside momentum indicating a reversal of the decline started last week. With no significant economic data expected from the US for the remainder of the week, Dollar’s next move hinges on shifts in risk sentiment and […]
Aussie Dips Following RBA, With Loonie and Kiwi Also Impacted by Risk Aversion
05/12/2023

Aussie Dips Following RBA, With Loonie and Kiwi Also Impacted by Risk Aversion

Today’s Asian session saw broad decline in Australian Dollar, along with New Zealand and Canadian Dollars. This pattern suggests a shift towards risk aversion among investors, a sentiment echoed by the performance of major Asian stock indexes. Hong Kong stocks, in particular, continued their recent down trend, reaching new lows due to disappointing earnings results […]
Yen Hits 37-Year Low Against Dollar, Japan to Intervene or Not?
26/06/2024

Yen Hits 37-Year Low Against Dollar, Japan to Intervene or Not?

Yen is drawing significant attention again today as it plummeted past the crucial 160 mark against Dollar, and hit its lowest level in over 37 years. Market participants are vigilantly watching for any signs of intervention from Japanese authorities, yet no action has been taken so far. It should be emphasized again that the tone […]