On November 27, the U.S. dollar declined in early London trading as it continued weekly loss against a basket of currencies. The greenback decreased by more than 2.2% during the month as global market sentiment increased on Joe Biden’s U.S. election victory and news of progress in coronavirus vaccines. That factors weighed on demand for …
The dollar fell, the Australian and New Zealand dollar rose Read More »
On Monday, Asia’s trade-exposed currencies held firm as data confirmed China’s economic recovery from the Covid-19 crisis stimulated in the third quarter, with the yuan staying close to its recent 1-1/2-year high. Significantly, China’s gross domestic product increased by 4.9% in the July-September period from a year earlier. Unfortunately, that raise was slower than analyst’s …
The Yuan, Australian and New Zealand Dollars Fell in Asia Read More »
The pair of NZD/USD was already started weak into the Reserve Bank of New Zealand disclosure today, and the lift in asset purchases has seen a fast drop. The RBNZ voted to leave the cash rate on hold for the time being. However, they adjusted the Large Scale Asser Purchase rate to above the 100bn …
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