Forex News: Dollar Expected to Rise - 1 views
started by michalso johnype on 29 Mar 14
started by michalso johnype on 29 Mar 14
started by michalso johnype on 29 Mar 14
started by michalso johnype on 29 Mar 14
was surprisingly quiet as there were no significant headlines on the market. Because of the unusual inactivity, this caused the forex market to be in consolidation alert the whole night. The New Zealand Dollar actually rose 0.2 percent against its competitors, but this was just a narrow outperformance. New Zealand almost lost to its leading counterparts. This move actually caused and ignited a rally on Asian stock exchanges. It gave hints that the NZD was able to influence its supportive monetary policy outlook. They believe this was done to have a broader swell in risk appetite.
On other forex news, the MSCI Asia Pacific regional benchmark equities index actually went up by 0.6 percent on chipper overseas demand bets. This took effect after the US Consumer Confidence index printed at its highest in the last 6 years, which was very unexpected. The RBNZ has actually been seen raising interest rates. The hike was by 120 basis points within the next 12 months. This was based on the Credit Suisse tracking made on the priced-in expectations. This has made it to be the most striking profile for investors who are looking for more income in the G10 FX space.
The expectations of traders show that there is an expected 0.8 increase - the biggest increase in over two months. If expectations are met, this will prove and remove doubts about the continuous tapering of Fed QE. This move will definitely boost the US Dollar.