Forex News

NZD/USD takes rounds to a 34-month low while recently easing to 0.7340 ahead of the much-awaited event by the kiwi traders. Given the RBNZ’s likely cautious optimism, the quote may extend its upward trajectory towards the year 2018 peak.

AUD/USD adds 10 pips on above-forecast Aussie wage price inflation data. Surprise contraction in Australia's consutruction sector keeps gains under check. Other macro factors support continued gains in the Aussie dollar.

Gold keeps $1,800, while struggling to defy the previous day’s pullback from a one-week top during the initial Asian session on Wednesday. The yellow metal snapped the two-day winning streak amid the US dollar’s corrective pullback.

Cryptocurrencies are gasping for air after corrections occurred across the board. The bloodshed has seen Bitcoin lose over 14% in 24 hours, testing support at $45,000. Ethereum did not escape the freefall, which has led to losses below $1,500.

DXY tests and rebound from the key 90.00 neighbourhood. Further south of this level comes in the 2021 lows at 89.20.