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AUD/USD is attempting a recovery wave from 0.6440. NZD/USD is also correcting losses and might recover if there is a clear move above the 0.5950 resistance. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar found support near 0.6440 and is now recovering against the US Dollar. There was a break above a […]

The post AUD/USD and NZD/USD Recover – More Gains Ahead? appeared first on Action Forex.

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17/07/2024

RBNZ to Deliver Some Pre-Xmas Cheer in November

Today’s CPI showed some welcome reduction in headline inflation. Services sector inflation is easing only gradually. Recent activity data has suggested recessionary conditions for a few months now. The RBNZ indicated an openness to tempering the restrictiveness of conditions in July – today’s data gives them room to act on that strategy. We now see […]
23/05/2024

New Zealand Dollar Rises After Hot Retail Sales Data

The New Zealand dollar is in positive territory on Thursday. NZD/USD is up 0.38%, trading at 0.6120 in the European session at the time of writing. The New Zealand dollar showed some strength after the Reserve Bank of New Zealand rate decision on Wednesday, gaining as much as 1% and hitting a nine-week high. However, […]
31/10/2024

U.S. Personal Income and Spending Growth Picks Up in September

Personal income grew 0.3% month-on-month (m/m) in September, up slightly from July’s 0.2% gain and bang on market expectations. Accounting for inflation and taxes, real personal disposable income grew a modest 0.1% for a fourth consecutive month. Consumer spending was robust in September. Personal consumption expenditures grew by 0.5% m/m, above the market expectations for […]