Sunday, 20 August 2023

New Zealand Dollar Reverses Gains After PBOC Move; NZD/USD, AUD/NZD, GBP/NZD Setups

NZD gave up early gains against its peers after China cut its one-year benchmark lending rate but left its five-year rate unchanged. What is the outlook for NZD/USD, AUD/NZD, and GBP/NZD?

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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...