The NZD/USD pair gathers strength to around 0.5880 during the Asian trading hours on Friday. The New Zealand Dollar (NZD) edges higher against the US Dollar (USD) on a narrower-than-expected New Zealand trade deficit.
The NZD/USD pair gathers strength to around 0.5880 during the Asian trading hours on Friday. The New Zealand Dollar (NZD) edges higher against the US Dollar (USD) on a narrower-than-expected New Zealand trade deficit.
The AUD/USD pair trades in negative territory near 0.7080 during the Asian trading hours on Friday. The Australian Dollar (AUD) softens against the US Dollar (USD after Australia’s unemployment rate increased in February.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $93.50 during the early Asian trading hours on Friday. The WTI price declines as the leaders of the US and Israel sought to reassure traders rattled by damage to major Persian Gulf energy facilities.
The People’s Bank of China (PBOC), China's central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Friday. The one-year and five-year LPRs were at 3.00% and 3.50%, respectively.
Japanese Prime Minister Sanae Takaichi attempted to reiterate her support for US President Donald Trump on Thursday after the president this week seemed to complain that Japan was among the nations that did not quickly join his call to help protect the Strait of Hormuz.
The NZD/USD pair surges to the 0.5870 level, up 1.30% on Thursday amid broad weakness of the US Dollar (USD) despite the Federal Reserve (Fed) holding decision the previous day and weak economic data in New Zealand .
EUR/USD reverses course and rises by more than 1.16% after the European Central Bank (ECB) held rates unchanged, while a leaked source revealed that policymakers are ready to discuss rate hikes as soon as April.
The USD/CHF pair trades more softly during the North American session on Thursday despite the Swiss National Bank's (SNB) verbal intervention in the forex markets to depreciate the Swiss Franc (CHF). Broad US Dollar (USD) weakness pushed the major down 0.31% to 0.7906.
The US Dollar Index (DXY) fell below the 100 mark and is now trading near the 99.40 price zone after investors assessed the Fed’s interest rate decision. Chair Jerome Powell claimed on Wednesday that higher energy prices will likely lead to inflation.
AUD/USD advances some 0.47% on Thursday as the US Dollar (USD) weakens, despite traders delaying Federal Reserve (Fed) rate cuts, while US Crude Oil prices are edging lower by 4.21%, a headwind for the buck. The pair hovers around 0.7050 at the time of writing.