Front page todays paper says RBNZ determined to drive interest rates down to targeted 1% to 3% range
Might impact nzd
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Front page todays paper says RBNZ determined to drive interest rates down to targeted 1% to 3% range
Might impact nzd
Overnight a Mild PCE Deflator was good news for the Fed …… and core durable goods orders posts a big positive surprise and could be bottoming.
Agree, Core PCE gone below the 2% psychological threshold (1.9% annualized over 6 months). Calls for FFR cuts got louder. They want cuts beginning from May 24, no later now.
USD and DXY weakness to persist in 2024
https://www.tradingview.com/symbols/TVC-DXY/
Hey beacon …it’s .634 at mo
When is it going to stop going up ?