New Zealand Dollar weakens broadly in Asian session today, reflecting market caution ahead the RBNZ decision later this week, on concerns of less hawkish than expected outcome. The selloff in Kiwi is also dragging down Australian Dollar some what, while Yen and Dollar found some room to recover from last week's losses. At the same time, European majors are currently mixed. Nevertheless, all major currency pairs and crosses are maintaining their positions within Friday's range, with New Zealand Dollar being the sole exception. The day's trading might remain subdued due to a nearly empty economic calendar. However, scheduled appearances by central bankers, including BoE Deputy Governor Sarah Breeden and Chief Economist Huw Pill, ECB President Christine Lagarde, and Kansas City Fed President Jeffrey Schmid, could inject some volatility into the markets. As the week progresses, the focus will shift to inflation data from US, Eurozone, Japan, and Australia, alongside other key economic indicators such as US durable goods orders, consumer confidence, and ISM manufacturing, as well as Swiss GDP, Canadian GDP, and Chinese PMIs... |
