Intra-Day Market Moving News and Views USD/JPY, NZD/USD
24 Apr 2014 02:14GMT
NZD/USD - 0.8630... New Zealand's central bank raised its benchmark cash rate by 25 basispoints to 3.00 percent earlier today, as widely expected.
RBNZ said there would be further increases tokeep on top of inflation pressures in the strongly-growing economy.
New Zealand dollar strengthened to as high as0.8638 after hawkish statement by Reserve Bank Governor Graeme Wheeler.
24 Apr 2014 01:57GMT
USD/JPY - 102.45 ... Althoughthe greenback has staged a rebound to 102.57 in Australian morning today afteryesterday's cross-inspired retreat from 102.69 to 102.17 (Europe), renewedselling below 102.55/60 capped dlr's upside n more offers are tipped at 102.65/70with stops only seen above 102.75.
Nikkei-225 index pared some of early losses ncurrently dropped by 16 points to 14530.
Trading is likely to be thin today as investorsare waiting for Friday's release of Tokyo CPI data, the first reading after thesales tax increase.
Besides, BOJ board members will set policy onApril 30, when they will release their latest forecasts on inflation andeconomic growth.
Recommended Content
Editors’ Picks
EUR/USD clings to marginal gains above 1.0750
EUR/USD trades in positive territory above 1.0750 in the second half of the day on Monday. The US Dollar struggles to find demand as investors reassess the Fed's rate outlook following Friday's disappointing labor market data.
GBP/USD edges higher toward 1.2600 on improving risk mood
Following Friday's volatile action, GBP/USD pushes higher toward 1.2600 on Monday. Soft April jobs report from the US and the modest improvement seen in risk mood make it difficult for the US Dollar to gather strength.
Gold climbs above $2,320 as US yields push lower
Gold trades decisively higher on the day above $2,320 in the American session. Retreating US Treasury bond yields after weaker-than-expected US employment data and escalating geopolitical tensions help XAU/USD stretch higher.
Addressing the crypto investor dilemma: To invest or not? Premium
Bitcoin price trades around $63,000 with no directional bias. The consolidation has pushed crypto investors into a state of uncertainty. Investors can expect a bullish directional bias above $70,000 and a bearish one below $50,000.
Three fundamentals for the week: Two central bank decisions and one sensitive US Premium
The Reserve Bank of Australia is set to strike a more hawkish tone, reversing its dovish shift. Policymakers at the Bank of England may open the door to a rate cut in June.