Producer inflation in the US softened unexpectedly in March. US Dollar Index stays deep in negative territory below 100.00. The Producer Price Index (PPI) for…
UK GDP expanded 0.5% MoM in February, beating estimates. GBP/USD keeps range near 1.3000 after the UK economic data. The UK economy expanded in February,…
China’s Consumer Price Index (CPI) dropped at an annual pace of 0.1% in March after declining 0.7% in February. Markets estimated a 0.1% growth in the reported…
As expected, the Reserve Bank of New Zealand cut its key interest rate by 25 basis points to 3.5% this morning. After the RBNZ had…
AUD/NZD attracts fresh buyers following the previous day’s two-way price swings. The intraday uptick lacks follow-through amid the escalating US-China trade war. The RBNZ cuts…
White House Trade Adviser Peter Navarro told CNBC on Monday that countries seeking a tariff relief need to lower non-tariff barriers, per Reuters. Key takeaways…
Eurozone annual Retail Sales rose 2.3% in February. Retail Sales in the old continent arrived at 0.3% MoM in February. The Eurozone’s retail sales rose 2.3%…
Germany’s industrial sector returned to contraction in February, according to the latest data published by Destatis on Monday. In the Eurozone’s economic powerhouse, Industrial Output…
Scope for US Dollar (USD) to weaken to 7.2430 before stabilisation can be expected vs Chinese Yuan (CNH); it is unclear if 7.2150 will come…
Instead of continuing to rise, AUD is more likely to trade in a 0.6260/0.6360 range. In the longer run, AUD must break and hold above…