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ForexLive Asia-Pacific FX news wrap: RBNZ’s 3rd consecutive 50bp rate cut, NZD higher
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S&P ratings revise Australian state Queensland rating outlook to negative
Australia news, tweet via Head of Financial Markets Strategy, Westpac, Martin Whetton:S&P cites weaker budget performance.Sheesh, if Queensland is copping it some other states (looking at you Victoria) can't be far behind. This is not an AUD positive.MoneyMaker FX...
Would-be Kishida assassin gets 10 years in jail
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Federal Reserve Vice Chair Philip Jefferson is speaking after market close on Wednesday
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Goldman Sachs says OPEC+ will delay its gradual production increases from April to July
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
ANZ forecast 3 25bp rate cuts from the Reserve Bank of New Zealand, in April May and July
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
More on Trump’s proposed 25% tariff on automobiles, pharmaceuticals & semiconductor chips
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
RBNZ Governor Orr says NZD around fair value
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J.P. Morgan upgrades Singapore equities to overweight on strong outlook, target 6% gain
J.P. Morgan has upgraded Singapore equities to overweight, citing attractive valuations, high dividend yields, and government measures aimed at revitalizing the domestic stock market. The move follows Singapore’s latest budget announcement, which outlined initiatives...
More from RBNZ Governor Orr, says 3.75% is the high end of the range of neutral rates
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
RBNZ Governor Orr confirms a rate cut in April and then May sounds about right
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
China’s new home prices remain stagnant in January amid property market struggles
China’s new home prices showed no change in January compared to the previous month, highlighting the ongoing difficulties in the country’s property sector despite government intervention. According to Reuters calculations based on National Bureau of Statistics data,...
BOJ’s Takata says must hike rate more if economy moves in line with BOJ forecasts
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Reserve Bank of New Zealand rate cut news conference begins 0200 GMT/2100 US Eastern time
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New Bank of Japan board Junko Koeda approved by Japan’s parliament
Junko Koeda has been approved by the Diet to join the monetary policy board of the Bank of Japan.She received consent from both houses of the national parliament—the House of Representatives and the House of Councillors.Koeda is a professor at Waseda University. She...
NZD/USD lower after the as expected 50bp rate cut from the Reserve Bank of New Zealand
The Reserve Bank of New Zealand cut its benchmark rate by 50 basis points to 3.75%, see this link for the details comments and forecasts from the Bank:The RBNZ is seeking to boost New Zealand's economy struggling to emerge from a recession. The Bank signalled to...
PBOC sets USD/ CNY reference rate for today at 7.1705 (vs. estimate at 7.2807)
The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain...
RBNZ cuts cash rate by 50bp vs. 50bp expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...