Australian Dollar
The Australian Dollar collapsed on Friday after blistering US non-farm payrolls (NFP) data lifted the US Dollar. The statistics revealed a US labour force that is running hot, and the market was forced to recalibrate expectations for the peak in the Federal Reserve’s rate hike cycle. 517k jobs were added in January according to the...
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NZD/USD SHORT-TERM TECHNICAL FORECAST – NEUTRAL Wednesday’s drop in the New Zealand dollar against the US dollar could be short-lived. NZD/USD fell after New Zealand’s fourth-quarter inflation rose less than what the Reserve Bank of New Zealand (RBNZ) had forecast. CPI rose 7.2% on-year in the fourth quarter, slightly above analysts’ expectations of 7.1%, but...
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