The New Zealand Dollar has been rejected at the 0.6000 psychological area and returned to 0.5950, as the US Dollar regains lost ground, with investors bracing for the release of April’s US PCE Price Index reading.,The Dollar lost ground against its main peers earlier on Thursday, as a US federal co
BoC to keep the policy rate on hold at its 4 June meeting (instead of a 25bps cut). With the policy rate at neutral, BoC has been unwilling to ease more unless growth goes further south.
The Aussie Dollar bounced up right above the 0.6400 psychological level on Thursday and is trading 0.30% higher on the day, with a retest of the 0.6450 resistance area on the cards, as the US Dollar rally loses steam.The Greenback appreciated across the board during late Wednesday and Thursday’s Asi