The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
Tag - reserve bank of new zealand
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.
Stock indices S&P 500 and Nasdaq are falling for seven days in a row. The New Zealand dollar skyrocketed to almost two-years highs. Fed’s Powell held a meeting yesterday and said that the central bank wouldn’t tight its easing policy anytime soon.
The NZD rocketed after the Reserve Bank of New Zealand claimed it would end quantitative easing this month. Jump in to know more!
NZD/USD has broken the marked downtrend that has been lasting for a month. Recently, it reached levels unseen since December 2019. What are the reasons?