Worst performance came from the Kiwi, after the RBNZ decided to hold rates unchanged at 2.5% The New Zealand Dollar plummeted on disappointment that the RBNZ held its fire by not changing their benchmark interest rate. According to the CB: "While headline inflation has been moderate, inflationary pressures are expected to increase over the next […]

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Over the next 20 hours, we are looking forward to announcements from 3 central banks. The first will be the Central Bank of the Republic of Turkey (CBRT) who is widely expected to raise interest rates by a few hundred basis points. They are holding an emergency monetary policy meeting today and their announcement is […]

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AUDUSD: Clears the 0.8755 level, Extends Bearishness With the pair breaking the 0.8755 level, its Jan 20 2014 low to sell off further on Friday, more decline is expected in the days ahead. Support is seen at the 0.8650 level, its psycho level followed by the 0.8600 level. Further down, support comes in at the […]

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