Blogs

New Zealand Food Price Index (MoM) up to -0.2% in October from previous -0.9%

The AUD/USD pair trades in negative territory for the fourth consecutive day around the mid-0.6500s during the early Asian session on Wednesday.

The NZD/USD continues to cycle in a rough range between 0.6100 and 0.6180 in a sideways grind that has kept the pair strung in place for December trading.

The EUR/JPY is set to finish Tuesday’s session on a lower note, cementing its bearish bias ahead of major central banks' monetary policy decisions, including the European Central Bank (ECB).

According to self-published statistics from StatsNZ, New Zealand's seasonally adjusted Current Account deficit widened by nearly $400 million to $7.4 billion for the third quarter ended in September.

The US Dollar (USD) is currently undergoing a slight retreat as the DXY index trades at 103.95 after the release of November’s Consumer Price Index (CPI) figures from the US, which fueled dovish bets on the Federal Reserve.

In Tuesday's session, the NZD/JPY is observed trading at 89.20, reflecting a 0.20% loss.

New Zealand Current Account – GDP Ratio dipped from previous -7.5% to -7.6% in 3Q

New Zealand Current Account (QoQ) came in at $-11.465B below forecasts ($-10.848B) in 3Q

United States API Weekly Crude Oil Stock fell from previous 0.594M to -2.349M in December 8