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The New Zealand dollar (NZD) kicks off the week at 0.6116, showing minimal change. However, last week saw a 2% dip, pushing the NZD to a five-week low. Economic challenges persist in New Zealand, with the Performance of Services Index (PSI) revealing three contractions in the second half of 2023. November’s PSI improved marginally to […]

The post NZD: Will Markets Rebound Soon? appeared first on Action Forex.

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22/05/2024

New Zealand Dollar Shows Steady Rise

The NZD/USD pair is preparing for a mid-week rally, approaching the 0.6116 level. These current values mark the highest point for the Kiwi in two months, following the Reserve Bank of New Zealand’s decision to maintain its monetary policy structure unchanged during the May meeting. The interest rate remains at 5.5% per annum, as anticipated. […]
27/12/2023

GBP/USD Seems Primed For More Gains Above 1.2800

Key Highlights GBP/USD is eyeing more gains above the 1.2750 level. A major bullish flag is forming with resistance near 1.2725 on the 4-hour chart. EUR/USD is gaining bullish momentum above the 1.0980 zone. Oil prices could gain pace for a move toward the $78 level. GBP/USD Technical Analysis The British Pound formed a base […]
29/08/2024

EUR/USD – ECB Keeping Close Tabs on German, Eurozone CPI

The euro has extended its decline on Thursday. In the European session, EUR/USD is trading at 1.1095 at the time of writing, down 0.22% on the day. The US dollar has rebounded against the euro this week, climbing 0.89%. German and eurozone inflation expected to ease in August Inflation is expected to ease in Germany […]