(Bloomberg) -- New Zealand’s central bank pushed out its forecast for an interest-rate increase to early 2021, disappointing investors looking for signs of a policy easing later this year and sending the currency surging. Reserve Bank Governor Adrian Orr left the official cash rate at 1.75 percent Wednesday in Wellington...
(Bloomberg) -- Investors who want to bet against the dollar’s unexpected strength are hitting a costly roadblock. The case for a weaker greenback goes like this: The Federal Reserve has shifted to a wait-and-see approach on rate hikes, while signs of stabilizing growth in China and the prospect of easing trade tensions...
Investing.com - The pound struggled for direction Wednesday after UK Prime Minister Theresa's government survived a vote of no-confidence by a slender margin. GBP/USD rose 0.05% to $1.2865 following the outcome of the vote. In the immediate aftermath of the vote, cable rose as high as $1.2896. May's government won by 325...
(Bloomberg) -- The analyst who most accurately predicted the ruble’s rally in the second quarter is now its most pessimistic forecaster. The Bank of Russia’s switch to monetary easing is the reason Jaroslaw Kosaty, a currency strategist at Poland’s largest bank, sees the currency sinking about 9% against the dollar...
Investing.com - This week investors will look to data on consumer prices and retail sales for the latest update on the health of the U.S. economy. Markets have dialed back expectations on the pace of Federal Reserve rate hikes in 2019 in the wake of recent market turmoil. Wall Street...
By Tom Finn LONDON (Reuters) - The euro languished near a seven-week low on Tuesday as concerns about a row in the European Union over Italy's budget persisted. The euro has tended not to budge in response to spikes in Italian bond yields triggered by developments in the dispute, with investors...

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