The US Dollar (USD) took a slight downturn in the early part of the week, bracing itself before the release of the Personal Consumption Expenditures (PCE) Price Index data on Friday, which is the Federal Reserve (Fed) preferred gauge of inflation.
Blogs
New Zealand Trade Balance declines $1.234B versus $-1.2B forecast as goods trade slumps
New Zealand's Trade Balance declined more than expected in November after goods exports fell by $337 million, or 5.3%, to $6 billion for the year through November.
NZD/JPY bears continue on the sidelines, bullish momentum limited
On Monday's session, the NZD/JPY pair traded at 88.72, experiencing a slight 0.52% rally.
New Zealand Trade Balance NZD (MoM) came in at $-1234M below forecasts ($-1200M) in November
New Zealand Trade Balance NZD (MoM) came in at $-1234M below forecasts ($-1200M) in November
New Zealand Trade Balance NZD (YoY) increased to $-13.87B in November from previous $-14.81B
New Zealand Trade Balance NZD (YoY) increased to $-13.87B in November from previous $-14.81B
New Zealand Imports increased to $7.23B in November from previous $7.11B
New Zealand Imports increased to $7.23B in November from previous $7.11B
New Zealand Exports up to $5.99B in November from previous $5.4B
New Zealand Exports up to $5.99B in November from previous $5.4B
Fed’s Daly: Rate cuts could be needed next year to prevent over-tightening – WSJ
San Francisco Federal Reserve (Fed) President Mary Daly said on Monday that interest rate cuts could be needed in 2024 to prevent over-tightening.
EUR/JPY Price Analysis: Remains bearish, despite bulls reclaiming 156.00
The EUR/JPY gains traction on Monday as traders brace for Tuesday's Bank of Japan (BoJ) monetary policy decision during the Asian session.
US Dollar sideways with markets wrapping their head around Fed's pushback
The US Dollar (USD) is starting to act like a loose canon with comments from US Federal Reserve member Austan Goolsbee from the Chicago Fed. Goolsbee said he is surprised about the risk