The New Zealand dollar rises on the back of a strong employment report. The New Zealand dollar gained ground throughout the session, owing to a significant decline in the unemployment rate revealed in the most recent employment data (see bullets…
Continue ReadingThe coronavirus (COVID-19) pandemic has resulted in a massive stock of household savings throughout sophisticated nations, far above what has been seen previously. The funds collected since early 2020 have the ability to affect the post-pandemic recovery due to their…
Continue ReadingEuropean FX news roundup: The RBA's August policy decision was featured towards the tail end of Asia Pacific trade, and the central bank shocked by sticking to its tapering plan despite concerns over the spread of the virus…
Continue ReadingCurrencies are quiet, but risk appetite is high. It was a calm session as a typical summer's day cast its shadow over European morning trade, with major currencies showing minimal movement to kick off the month of…
Continue ReadingChina PMIs fall Sentiment was boosted during the session when the US Infrastructure bill was submitted to the Senate floor on Sunday evening, US time. The draft was the outcome of lengthy bipartisan negotiations and will now be amended.…
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