Forex Today: Kiwi cheers NZ CPI, trade talks set to resume, and Bitcoin recovery falters
|- NZ dollar advances further on steady NZ inflation data.
- RBA minutes: Ready to ease further when needed.
- Bitcoin faces rejection below the 11k mark.
Here is what you need to know to start your day on Tuesday, July 16th, European session:
- New Zealand’s Q2 CPI data matched estimates and drove NZD/USD to fresh 3-month highs of 0.6738, Aussie hung near 10-day tops despite dovish RBA minutes, USD/JPY held steady near 108.00 amid weaker Asian stocks. *
- US dollar index extended overnight consolidation just below 97 mark, 10-year treasury yields were modestly flat, Gold traded firmer above 1415 levels. *
- UK: Easing fears over a Hard Brexit kept the Cable buoyed ahead of key UK jobs report and Carney’s speech. *
- S. Korea-Japan trade tensions escalated as Japanese Trade Minister Seko lashed out at S. Korea. US-China trade talks to resume this week, US Treasury Sec. Mnuchin said. *
- Oil prices steadied as US Gulf of Mexico output resumed, the focus stays on API data, Middle East developments. *
- Cryptocurrencies stalled the recovery from the recent carnage. Bitcoin’s recovery fizzled below 11k. Mnuchin joined US regulators to air concerns over Facebook’s Libra. *
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.