Tuesday, 11 May 2021

NZD/USD Rate Outlook Mired by Failure to Test March High

The failed attempt to test the March high (0.7303) may generate range bound conditions in NZD/USD as it snaps the series of higher highs and lows from the previous week.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...