The New Zealand Dollar weakened after local inflation data cooled hawkish RBNZ policy expectations. Even so, NZD/USD remains above key support with a neutral near-term technical bias.
The Japanese Yen has been drifting weaker despite uplifted JGB yields with the US Dollar seeing a whippy week so far. Geopolitical risks remain as crude oil slips. Where to for USD/JPY?
As we look forward to the upcoming Asian session, all eyes are on Australian Dollar, gearing up to be the focal point. This heightened attention comes as RBA plans to publish the minutes of its meeting held on September 5. Remarkably, the meeting marked the third consecutive time RBA chose to maintain the status quo on interest rate.
The New Zealand Dollar jumped immediately after the RBNZ announced that they left rates unchanged 5.50% for the second meeting in a row. Will NZD/USD break back up and into the range?