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Markets Yesterday’s violent and unexpected selloff at the very long end of global yield curves saw no follow-up action today with the exception of Japanese markets which still had to react. The Japanese 30-yr yield closed 7.2 bps higher at 3.3%, at least the highest level since the late 1990s since when data are available. […]

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15/04/2024

NZ Dollar Slides to Five-Month Low

The New Zealand dollar has stabilized on Monday after as sharp decline of 1% on Friday. In the European session, NZD/USD is trading at 0.5945, up 0.14%. The New Zealand dollar dropped as low as 0.5927 earlier, its lowest point since November 14. NZ Services PSI declines New Zealand’s services sector had a dismal March, […]
27/08/2024

British Pound (GBP) Price Action Ideas: Sterling Set for Correction? GBP/USD, EUR/GBP and GBP/JPY

The British pound has been one of the best-performing currencies in recent weeks, driven by a good run of UK data and expectations that the Bank of England will not cut interest rates at its upcoming meeting. However, there are signs that a correction may be imminent, as the GBP/USD pair is trading in overbought […]
04/03/2024

Japanese Yen Steady ahead of Tokyo Core CP

The Japanese yen is showing limited movement on Monday. In the European session, USD/JPY is trading at 150.34, up 0.13%. Tokyo Core CPI expected to rise to 2.5% Japan releases Tokyo Core CPI, considered the most important inflation indicator, on Tuesday. The index fell to 1.6% y/y in January, below expectations and the lowest rate […]