Monthly Archives: June 2024
41654156156New Zealand Dollar Rose Amid New Zealand’s Recession Exit
Written on June 20, 2024 at 2:05 am, by jonywang
Fundamental Analysis * Kiwi Comeback: The New Zealand dollar has edged higher against the US dollar, driven by stronger-than-expected GDP data for the first quarter. New Zealand’s economy grew by 0.2% quarter-on-quarter in Q1, up from 0% in the previous quarter, surpassing expectations according to Statistics New Zealand’s report on Thursday. On an annual basis,Continue Reading
Pound Sterling Steady Ahead of UK CPI
Written on June 19, 2024 at 5:26 am, by jonywang
Market Summary The dollar index (DXY) slid further after U.S. Retail Sales figures came in below market expectations, triggering a technical correction for the dollar. U.S. policymakers have emphasised the need for patience on rate cuts, citing the necessity for more evidence to prove that inflation is cooling. The risk-on sentiment has also buoyed theContinue Reading
USDCHF Extend Losses Amid Weak US Retail Sales
Written on June 19, 2024 at 2:14 am, by jonywang
Fundamental Analysis * Retail Slump: The Swiss Franc continues to strengthen against the dollar following the release of weak U.S. retail sales data on Tuesday. U.S. retail sales rose less than expected in May, increasing by only 0.1% after a downwardly revised 0.2% drop in April, falling short of the 0.3% forecast. The report attributedContinue Reading
