NZD/USD struggles to sustain above 0.6500 as USD Index shows stellar recovery
NZD/USD is facing hurdles in shifting its auction above 0.6500 amid a recovery in the USD Index. Softening consumer spending has bolstered the expectations of a smaller interest rate hike by the Fed. This week, the release of the NZ Employment data will be of utmost importance. The NZD/USD pair is failing in keeping its […]
Aussie CPI Shows RBA Inflation Battle Tougher Than Expected
Pause for ThoughtWith the RBA being one of the first central banks to pivot on rates this year, the latest Aussie inflation data will no doubt be disappointing. Year-on-year, inflation came in at 7.3% last month, marking a sharp rise from the prior month’s 6.9% and a beat on the 7.2% market forecast. Core inflation […]
China Deflation Pressure Worsens as Economy Slumps, Survey Shows By Bloomberg
(Bloomberg) — Deflationary pressure in China worsened in the fourth quarter as the economy slumped, with price-growth likely to be subdued even when the economy rebounds later this year, according to China Beige Book International. Companies recorded the weakest growth in wages and input costs in the final three months of 2022 since mid-2020, CBBI […]
Friday action shows where the balance of risks lies
In case you missed the action on Friday: The non-farm payrolls report solidified the narrative that the labour market remains strong and hopes for a soft landing was boosted. The initial reaction was mixed and volatile, with the dollar easing before catching a round of bids as some hints of risk aversion kicked in. In […]