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Day: March 26, 2018
March 262018
Pound Jumps on Interest Rate Hike Outlook
The Great Britain pound rallied today on the outlook for an interest rate hike from the Bank of England in May. Negative domestic macroeconomic data did not hurt the currency much. Traders were counting on a May hike as Britain’s economy was working on all cylinders, as was proven by last week’s employment report. Yet some analysts argued that with the hike priced in the currency needs another supporting factor to maintain its rally. […]
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March 262018
New Zealand Dollar Climbs on Risk Appetite, Economic Data
The New Zealand dollar rallied today as fears about trade wars eased as the United States and China started negotiating about a trade agreement. New Zealand macroeconomic data released overnight turned out to be better than expected, adding to the upward momentum of the currency. The New Zealand trade balance turned from a deficit of NZ$655 million in January to a surplus of NZ$217 million in February. That was a surprise to economists as they were expecting […]
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