Stock Market & Investment News

The New Zealand dollar bolted higher on the back of projections in the RBNZ’s monetary policy statement showing a possible hike in the OCR (overnight cash rate) in the second half of 2022. The antipodean currency rallied over 1% in clocking a three-month high against the U.S. dollar at 0.7316, despite the central bank leaving […]

The New Zealand dollar bolted higher on the back of projections in the RBNZ’s monetary policy statement showing a possible hike in the OCR (overnight cash rate) in the second half of 2022. The antipodean currency rallied over 1% in clocking a three-month high against the U.S. dollar at 0.7316, despite the central bank leaving […]

The DXY reclaimed the 90 handle in N.Y. on Wednesday, with short covering ahead of key U.S. data the likely driver. The USD posted gains against all its major counterparts, in anticipation of the slew of data due Thursday and Friday, including the Fed’s favored inflation indicator, the PCE deflator on Friday. Wall Street was […]