New Zealand Dollar Slips Ahead of Expected RBNZ Cut

U.S. Highlights Markets have been weighing the prospect that the Federal Reserve will opt for a 0.5 percentage point cut in the federal funds rate next week. Core consumer price index inflation surprised to the upside, lifted by a strong print from owners’ equivalent rent. The breadth of inflation continues to gradually narrow, but a […]

Summary The July CPI report is likely to further the case that inflation is quieting down even if it has not yet returned all the way back to the Fed’s target. We look for headline CPI to have advanced 0.2% in July, which would keep the year-over-year rate steady at more than a three-year low […]

The USD/JPY pair declined to 155.13 on Friday, as the yen gained robust support following the Bank of Japan’s (BoJ) decision to raise its interest rate during the January meeting. BoJ’s interest rate hike and economic outlook The BoJ increased the cost of borrowing by 25 basis points, bringing the benchmark interest rate to 0.5% […]