The EUR/USD pair surged to a fresh seven-month high on Wednesday before retracing back towards the 1.1000 level. This movement came after the EU GDP growth data met market expectations
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The NZD/JPY pair experienced a 0.90% decline on Wednesday, signaling a continuation of its recent losses. With the Relative Strength Index (RSI) hovering near 30, intense selling pressure is evident.
The Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr recently spoke before a New Zealand Parliament committee, highlighting the central bank's current stance on monetary policy. According to Orr,
In a surprising move during Wednesday's Asian session, the Reserve Bank of New Zealand (RBNZ) not only cut interest rates by 25 basis points but also revealed that a 50
The Canadian Dollar (CAD) showed signs of recovery on Wednesday, but still faced challenges against the Greenback following the release of US Consumer Price Index (CPI) data. The CAD's performance
The AUD/USD pair experienced a 0.30% decrease on Wednesday, settling near 0.6615, following the dovish Reserve Bank of New Zealand (RBNZ) decision. The potential decline in demand for Australian exports
The Dow Jones Industrial Average (DJIA) soared 260 points on Wednesday following a decrease in US Consumer Price Index (CPI) inflation, in line with market expectations. While investors were hoping
As the US Dollar (USD) experiences a slight decline below the 103.00 threshold, investors are taking note of the impact of lower-than-expected inflation in the US. This development has overshadowed
The US Dollar (USD) Index (DXY) dropped to multi-day lows near 102.30 as US inflation data confirmed downward trends. On August 15, a busy US calendar includes Retail Sales, Manufacturing
EUR/USD soared to fresh highs in 2024, reaching 1.1050 as the US Dollar remained weak post-US CPI data. With the release of US Retail Sales on the horizon, investors are