AUD/NZD and rates outlook – Westpac

Analysts at Westpac explained their outlook for the AUD/NZD cross and rates. Key Quotes: "1 day: The multi-week uptrend persists, 1.1020 vulnerable. AUD/NZD 1-3 month: Higher to 1.10+. The cross remains well below fair value estimates implied by interest rates, commodity prices and ris ...

New Zealand Westpac consumer survey declined to 111.9 in 1Q from previous 113.1

G20 has dropped its pledge to fight protectionism

The weekend news is centred around the G20 meeting in Germany and was a significant event given the recent rise of populism and Trump's hardline approach to world trade. The question everyone is asking is whether the world will tolerate Trump, let alone bow down to him.  However, if thi ...

Market wrap: consolidating and dollar stable – Westpac

Analysts at Westpac offered a market wrap. Key Quotes: "Global market sentiment: Most markets were stuck in consolidation mode. US data was mixed, Fed dissenter Kashkari explained, and the G20 watered down its free trade commitment. Interest rates: US 10yr treasury yields fell from 2.54% t ...

US dollar technically deteriorating – BBH

Analysts at Brown Brothers Harriman noted that the dollar's technical tone has deteriorated. Key Quotes: "The failure of the Fed to signal an increased pace of normalization and the prospects of other central banks raising rates spurred dollar losses, which deteriorated its technica ...

South Korea Producer Price Index Growth fell from previous 1.3% to 0.3% in February

Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.45%

Investing.com – Saudi Arabia stocks were higher after the close on Sunday, as gains in the Media&Publishing, Hotels&Tourism and Insurance sectors led shares higher. At the close in Saudi Arabia, the Tadawul All Share added 0.45%. The best performers of the session on the Tadawul All Share ...

Weekly outlook: March 20 – 24

Investing.com - The dollar fell to fresh five-week lows against a basket of the other major currencies on Friday amid expectations that the Federal Reserve will raise interest rates at a more gradual rate than some investors had previously anticipated. The U.S. dollar index, which measures th ...