The near-vertical climb in the US Dollar Index takes a breather as GBP/USD pivots higher, AUD/USD rebounds and USD/CAD ricochets off resistance. Is the US Dollar rally over?
The Reserve Bank of New Zealand (RBNZ) held rates at Tuesday’s meeting. This decision was not a surprise, but the New Zealand Dollar has rallied on the news.
The poorest annual reading since the global financial crisis The headline is a little better than estimates of a 5.1% and 5.2% decline in economic output for the whole of last year.
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