Sainsbury
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NZD/USD juggles near 0.6000 as US Dollar steadies after investors price weak US data
NZD/USD trades sideways around 0.6000 as the US Dollar steadies after recovery. The speculation for the Fed lowering key interest rates from September strengthens after weak US NFP data. Weak NZ labor market data boosts expectations of early rate cuts by the RBNZ. The NZD/USD pair trades lacklustre
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RBA Keeps Interest Rates at 4.35%, Says Interest Rate Path ”Remains Uncertain”
Partner Center Find a Broker As expected, the Reserve Bank of Australia (RBA) maintained its interest rates at 4.35% in May. The central bank’s statement noted that Inflation to return to the target 2% – 3% range in H2 2025 and to 2.5% in 2026 Short-term inflation would “decline more slowly over the
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AUD weakens despite higher RBA inflation projections
FTSE 100 hit record high after long weekend. AUD weakens despite higher RBA inflation projections. UK construction PMI rebound driven by commercial activity. The FTSE 100 has returned from its long weekend with a bang, as the index hit yet another record high thanks to a wide-reaching risk-on surge
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US bond yields, Dollar slide on Fed easing bias
Summary The Greenback weakened across the board after Fed Chair Jerome Powell reiterated the central bank’s easing bias despite a delay. Powell ruled out the possibility of a rate hike. The Fed kept its Fed Funds rate unchanged at 5.50%. The Dollar Index (DXY), a popular gauge of the Greenback’s val
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New Zealand Economy Shed Jobs in Q1, Unemployment Rate Rose to 4.3%
Partner Center Find a Broker The New Zealand economy unexpected lost 0.2% jobs quarter-on-quarter in Q1 2024, bringing the unemployment rate up from 4.0% to 4.3% during the period. Underlying components revealed that the labor force participation rate dipped from 71.9% to 71.5% to suggest that folks
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