NZD Bows to US Dollars While Traders Anticipates FOMC.

NZD

Asia-Pacific markets experienced mixed feelings after US stocks fell during regular trading hours. However, earlier today, buoyant earnings from Microsoft and Alphabet Inc lifted US stock futures.

The Federal Reserve is expected to deliver a 75-basis-point rate hike at Wednesday’s FOMC meeting. Mr. Powell’s comments might see the USD gain further.

Australia’s second-quarter inflation data is increasing and was seen at 6.2% today. That would be up from 5.1%. while the Australian Dollar fell against the US Dollar it rose against the New Zealand Dollar overnight, suggesting underlying strength in the AUD.

According to CCTV, China’s Covid cases climbed on Monday, increasing from Sunday’s 680 to 868. Officials in Shenzhen ordered new restrictions, telling companies to limit workers to those who do not have much contact with the general public.

Those companies include Foxconn, a major iPhone manufacturer. It is expected that China’s industrial profits data for June will be out at 01:30 GMT.

Natural gas prices in Europe and the US are on the rise. The EU price climbed up after Gazprom reduced flows from the Nord Stream 1 Pipeline despite EU countries agreeing to scale back demand by 15%. While the US prices are up as weather forecast for the continental United States sees seasonally increased.

You might also like: The USD finds grip ahead of Fed’s decision.

This Post Has 3 Comments

  1. Backlink Portfolio

    Hi! Do you know if they make any plugins to assist with SEO?
    I’m trying to get my site to rank for some targeted
    keywords but I’m not seeing very good results. If you know of any please share.
    Cheers! I saw similar text here: Backlink Building

  2. sklep internetowy

    Wow, superb weblog format! How lengthy have you ever been running a blog for?
    you make running a blog look easy. The overall glance of your site is great, let
    alone the content! You can see similar here ecommerce

Leave a Reply

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Contact Us

Follow Us

Disclaimer

Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.