NZD and GBP Exert Downward Pressure on USD, But Dollar Remains Firm
Market Commentary NZD and GBP Creating Downward Pressure on USD, But Dollar Remains Firm Today, we are seeing some dollar weakness. The NZD is being bought after the Reserve Bank of New Zealand’s decision to keep the policy rate unchanged, accompanied by a hawkish statement. Additionally, the GBP has surged following the release of the […]
Analyzing the Impact of the U.S. PCE Price Index Rise and NZ’s Policy Interest Rate Decision on the Market? The trades from February 19 to February 23 resulted in a total of +17,515 USD.
The minutes from the notable FOMC meeting indicated that “the majority recognized the risk of premature interest rate cuts.” Following this, there has been a robust buying of the US dollar. Even if there are sell-offs, buyers step in when prices drop, making it difficult for a clear trend to emerge. As planned, we […]