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The NZD/USD pair is experiencing a significant downturn, trading around 0.5996. Several factors influence this decline, including global political developments and domestic monetary policy expectations. The recent announcement by US President Joe Biden that he will not seek re-election in 2024 has unexpectedly bolstered the US dollar. Biden’s endorsement of Vice President Kamala Harris as […]

The post NZD/USD Faces Downward Pressure Amid US Political Developments and RBNZ Rate Speculations appeared first on Action Forex.

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25/03/2024

Australian Dollar Stabilizes, Consumer Sentiment Next

The Australian dollar has started the week with slight gains, after sliding 0.86% on Friday. In the European session, AUD/USD is trading at 0.6530, up 0.24%. PBoC move sends Aussie sharply lower The Australian dollar ended the week with sharp losses after China’s central bank set the daily fixing of the Chinese yuan lower than […]
07/05/2024

Pound Shrugs as Construction PMI Jumps

The British pound is slightly lower on Tuesday. GBP/USD is down 0.21%, trading at 1.2535 in the European session at the time of writing. The UK construction PMI jumped to 53.0 in April, up from 50.2 in March and above the forecast of 50.4. This is only the second reading showing growth after six straight […]
14/08/2024

AUD/USD Outlook: Keeps Firm Tone Ahead of US Inflation Data

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