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An extremely weak report could force the RBA to cut rates at its August 6 meeting. AUD/USD and NZD/USD Fundamental Daily Forecast – Aussie Dips Slightly on Lower Building Approvals Skip to main ...
Unlike the U.S., Australian inflation just recently moved to 2.1%, putting it inside the RBA’s target band of 2-3% for the first time in six years.
The New Zealand dollar was initially pegged to both the British pound sterling and the United States dollar at NZ$1 = UK£ 1 ⁄ 2 = US$1.40. On 21 November 1967 sterling was devalued from UK£1 = US$2.80 to US$2.40 (see Bretton Woods system ), but the New Zealand dollar was devalued even more from NZ$1 = US$1.40 to US$1.12, to match the value ...
Short-term, the AUD/USD and NZD/USD could get a boost if Treasury yields continue to drop and the U.S. reinstates the meeting with North Korea, originally scheduled for June 12. However, gains ...
ABC News, also known as ABC News and Current Affairs, is a public news service produced by the Australian Broadcasting Corporation. The service covers both local and world affairs, broadcasting both nationally as ABC News, and across the Asia-Pacific under the ABC Australia title.
As of February 2023, NZX had a total of 338 listed securities, equity, debt and funds with a combined market capitalisation of NZD $226 billion. [30] New Zealand's currency, the New Zealand dollar, also circulates in four Pacific Island territories. The New Zealand dollar is the 10th-most traded currency in the world. [31]
Monthly, look for a 0.1% rise, versus 0.2% the previous month. A larger than expected increase will raise the odds of additional Fed rate hikes this year, which should support the dollar and ...