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RBNZ's Hawkesby: Decision to hold vote on rates was healthy sign, not unusual at turning points
Reserve Bank of New Zealand's (RBNZ) acting Governor Christian Hawkesby explains the decision to lower the Official Cash Rate (OCR) by 25 basis points (bps) to 3.25% at a press conference following the May monetary policy meeting on Wednesday.
Japanese Yen drops to over one-week low against USD; downside seems limited
The Japanese Yen (JPY) slides to a one-week low against its American counterpart during the Asian session on Wednesday, though the intraday downtick lacks follow-through.
Silver Price Forecast: XAG/USD posts gains near $33.50 after losing over half a percent
Silver price (XAG/USD) recovers its recent losses registered in the previous session, trading around $33.30 per troy ounce during the Asian hours on Wednesday. However, the precious metals, including Silver, faced selling pressure amid a strengthening US Dollar (USD).
NZD/USD holds positive ground above 0.5950 after RBNZ cuts rate to 3.25%
The NZD/USD pair gains ground to around 0.5965 during the Asian trading hours on Wednesday. The New Zealand Dollar (NZD) edges higher against the US dollar (USD) after the Reserve Bank of New Zealand (RBNZ) interest rate decision.
Australian Dollar weakens despite steady Monthly Consumer Price Index
The Australian Dollar (AUD) extends its losses against the US Dollar (USD) on Wednesday for the third successive session. The AUD/USD pair loses ground after the release of the Monthly Consumer Price Index (CPI).
USD/INR weakens ahead of FOMC Minutes
The Indian Rupee (INR) strengthens on Wednesday. Concerns over US trade and fiscal policies undermine the US Dollar (USD). Additionally, a decline in Crude oil prices provides some support to the Indian currency, as India is the world's third-largest oil consumer.
AUD/NZD slides back closer to 1.0800 after RBNZ's widely expected 25 bps rate cut
The AUD/NZD cross attracts some dip-buying near the 1.0815 area during the Asian session on Wednesday, though it lacks follow-through.
Australia's monthly CPI inflation steadies at 2.4% YoY in April vs. 2.3% expected
Australia's monthly Consumer Price Index (CPI) steadied at 2.4% in the year to April, compared to a 2.4% rise seen in March, according to the data published by the Australian Bureau of Statistics (ABS) on Wednesday.
PBOC sets USD/CNY reference rate at 7.1894 vs. 7.1876 previous
On Wednesday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1894 as compared to the previous day's fix of 7.1876 and 7.1996 Reuters estimate.
Japan's Kato says will closely monitor bond market situations
Japan's Finance Minister Shunichi Kato said on Wednesday that he will closely monitor bond market situations as he is concerned about a recent spike yields in Japan.
BoJ's Ueda: Tariff negotiations mean outlook remains uncertain
Bank of Japan Governor Kazuo Ueda said on Tuesday that many tariff negotiations, including those between the United States and Japan, are still ongoing, so the outlook remains uncertain. Ueda further states that the central bank will closely monitor the incoming data.
Fed's Williams says wants to avoid inflation becoming highly persistent
Federal Reserve Bank of New York President John Williams said on Wednesday that he wants to avoid inflation becoming highly persistent because that could become permanent.
WTI holds below $61.00 amid supply concerns, all eyes on OPEC+ meeting
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.90 during the Asian trading hours on Wednesday. The WTI price edges lower amid supply concerns after Iranian and US delegations made progress in their nuclear talks.
GBP/USD: Poised to buckle under the weight of its own success?
GBP/USD pared recent gains on Tuesday, snapping a six-day win streak and knocking price action away from the 1.3600 handle after the pair tapped fresh multi-year highs this week.
USD/CAD rebounds above 1.3800, FOMC Minutes in focus
The USD/CAD pair posts modest gains near 1.3805 during the early Asian session on Wednesday. The US Dollar (USD) strengthens against the Canadian Dollar (CAD) after the stronger US Consumer Confidence data. The attention is shifted to the FOMC Minutes, which are due later on Wednesday.
NZD/JPY Price Forecast: Climbs higher but bulls struggle to clear 86.00 resistance
NZD/JPY extended its rally for the third consecutive day on Tuesday, rose a slim 0.17%, but failed to clear key resistance seen at the Kijun-Sen at 85.92 to challenge the 86.00 figure. As Wednesday's Asian session begins, the cross-pair trades at 85.81 virtually unchanged.
US yields slide as Japan's signal shift in debt strategy
US Treasury yields fall across the whole curve due to concerns over an increase in rising global government debt supply, which sent yields rising last week, retraced somewhat on expectations that Japan could begin to issue short-term debt.
RBNZ expected to cut interest rates amid concerns over economic growth, US tariffs
The Reserve Bank of New Zealand (RBNZ) is widely expected to lower the Official Cash Rate (OCR) by 25 basis points (bps) to 3.25% from 3.50% after concluding its May monetary policy meeting on Wednesday.
Silver Price Forecast: XAG/USD slips but clings above $33.00
Silver price falls some 0.70% on Tuesday, yet it has trimmed some of its earlier losses that pushed the grey's metal below $33.00 to hit a two-day low of $32.77. At the time of writing, the XAG/USD trades at $33.29, remains down in the day.
AUD/JPY extends winning streak toward 93.00 as risk sentiment dents Yen appeal
The Australian Dollar (AUD) strengthens against the Japanese Yen (JPY), extending modest gains for the third consecutive day. At the time of writing, the AUD/JPY cross is pushing higher to trade near 93.00 during the late American sessions on Tuesday, up nearly 1% on the day.
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