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Today the RBNZ cut the OCR by 50bps to 4.75%, meeting Westpac and market expectations. According to the RBNZ the economy is now in a position of excess capacity, encouraging price- and wage-setting to adjust to a lowinflation economy. Economic activity was described as “subdued”, with business and consumer spending “weak” and employment conditions continuing […]

The post RBNZ October 2024 Monetary Policy Review: The Wait is Over appeared first on Action Forex.

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27/05/2024

German Business Climate Worse Than Expected; Euro/Pound Under Pressure

The improvement in Germany’s business climate stalled in May, according to data released by Ifo. The index remained at the same level of 89.3 as a month earlier. The indicator was last higher in May last year, but analysts, on average, were expecting a further increase to confirm the more positive PMI reading released last […]
14/03/2024

Sunset Market Commentary

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21/06/2024

USDCAD Bears Could Remain in Control

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