The New Zealand dollar has posted gains on Wednesday. NZD/USD is trading at 0.5721 in the European session, up 0.31% on the day. RBNZ chops rates by 50 bps as expected The Reserve Bank of New Zealand slashed the cash rate by 50 basis points, bringing the cash rate to 3.75%. The markets had priced […]
Markets China’s stimulus announcement impacted all corners of the market. Hopes for a revival of the 2nd largest economy lifted commodity prices. Oil & iron prices both added around 2%. Equities rose with Europe’s EuroStoxx50 adding 1.1%. Wall Street had to digest an unexpected and sharp drop in the Richmond manufacturing index & US consumer […]
The post China-Sparked Asian Bull Run Continues This Morning appeared first on Action Forex.
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