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Westpac economics sees the RBNZ leaving the OCR at 5.5% at the February Monetary Policy Statement and adopting a hawkish outlook for the OCR. Hawkish hold expected We expect the RBNZ will leave the OCR unchanged at 5.5% at its February policy meeting. The RBNZ’s short term forward profile for the OCR is likely to […]

The post Preview of RBNZ February 2024 Monetary Policy Statement appeared first on Action Forex.

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EUR/USD – A Bullish Breakout or Just Further Consolidation?

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New Zealand Dollar Edges Lower After Soft Retail Sales

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25/10/2024

EUR/USD 1.0778 Lives to Fight Another Day

Markets EUR/USD 1.0778 lives to fight another day. The technical support level survived October PMI surveys. Disappointing French numbers forced a test early on European dealings, but a better German reading and a close to consensus EMU gauge (2nd consecutive month below neutral 50-level though) balanced things out. Investors took it as a first sign […]
19/02/2024

Week Ahead North America – FOMC Minutes Key, Canadian Inflation in Focus

Is March a live meeting for the Fed? Inflation data in focus as markets eye July BoC rate cut FOMC minutes could tell us how close they are to rate cuts It’s been a turbulent start to the year, one in which we’ve seen significant shifts in expectations for the economy, interest rates, and the […]
22/03/2024

Cliff Notes: Four Sets of Circumstances, One Intent

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