Trade Deficit in New Zealand Grows Despite Boost in China Exports
Trade Deficit in New Zealand Grows Despite Boost in China Exports Despite a boost in exports to China, New Zealand’s trade deficit broadened in May. The deficit increased from NZ$17.02 billion to NZ$17.12 billion, falling just short of economists’ prediction of NZ$17.24 billion. Concurrently, the monthly trade surplus shrank from NZ$236 million to NZ$46 million. […]
GBP/USD Holds Above Mid-1.2700s, Lacks Intraday Trend Before BoE Decision
GBP/USD Holds Above Mid-1.2700s, Lacks Intraday Trend Before BoE Decision During Thursday’s Asian session, the GBP/USD pair is confined to a tight range above the mid-1.2700s as traders anticipate the Bank of England (BoE) policy decision. The pair’s movement remains relatively stagnant on the day, with market participants holding off on further trades until the […]
US Yields Climb as Fed’s Powell Reinforces Commitment to Addressing Inflation
US Yields Climb as Fed’s Powell Reinforces Commitment to Addressing Inflation Following Federal Reserve Chair Jerome Powell’s speech, which reinforced the central bank’s dedication to addressing inflation and achieving the 2% target, US Treasury yields experienced a rise. The yield curve inversion between two-year and 10-year Treasury notes intensified, implying that investors expect further rate […]