The AUD/USD pair has fallen rapidly in the final week, reaching 0.6592. This decline is primarily driven by the US dollar’s robust performance, following stronger-than-expected US economic data. Investors now speculate that the Federal Reserve may postpone any interest rate cuts. The minutes from the Fed’s recent meeting have revealed concerns among policymakers about the […]
We continue to see the RBNZ cutting the OCR 25bp to 3.5% tomorrow. But the risks around the outlook have increased, especially due to the darkening global outlook. Key points: We continue to see the RBNZ cutting the OCR 25bps to 3.5% tomorrow. Today’s sluggish QSBO and the darkening global outlook imply a less positive […]
The post RBNZ April Monetary Policy Review Update appeared first on Action Forex.
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