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The New Zealand dollar continues to lose ground and has dropped more than 1% since Wednesday. In the European session, NZD/USD is trading at 0.6094, down 0.59%. NZ Manufacturing PMI declines for 12th straight month New Zealand’s manufacturing industry marked an unhappy anniversary on Friday as the sector contracted for a twelfth straight month (a […]

The post NZ Dollar Extends Losses after Mfg. PMI Contraction appeared first on Action Forex.

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13/12/2023

GBP/USD Dips While USD/CAD Could Extend Gains

GBP/USD is moving lower from the 1.2650 resistance. USD/CAD is rising and might aim for more gains above the 1.3620 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a fresh decline below the 1.2615 support zone. There is a key bearish trend line forming with resistance near 1.2565 on the […]
19/03/2024

BoJ Ends Negative Interest Rate Regime

In focus today We have a light schedule for today. In the euro area, focus is on German ZEW data for March. The assessment of the current economic situation is still very poor while the expectations component has increased significantly. Momentum in the German economy is weak, so it will be interesting to see if […]
19/04/2024

Cliff Notes: Seeking Clarity on Labour Market Conditions

Key insights from the week that was. In Australia, the March Labour Force Survey provided some much-needed clarity on labour market conditions after an incredibly volatile opening to the year. Following an upwardly revised gain of nearly 118,000 in February, employment fell only modestly in March, down by just 6,600. On a quarter-average basis, employment’s […]