US dollar driven higher

May 24, 2024 | Currency, Economy, Global Share Markets, Money Market

Much stronger than expected US PMI data drove US rates and the USD higher and US equities lower overnight, says BNZ Markets this morning This saw the NZD lose earlier gains, and it trades back just under 0.61. “The spillover from Wednesday’s hawkish RBNZ policy update continued, with domestic rates higher, led by the short-end, […]

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US dollar driven higher

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