New Zealand’s Q2 unemployment rose to 5.6%, the highest since 2013, while wage growth slightly exceeded forecasts. New Zealand’s unemployment rate climbed to 5.6% in Q2, marking an 11-year high, driven partly by increased labor force participation. Despite the rise, employ
TD Securities forecasts another 25bps hike as New Zealand’s unemployment hits an 11-year high but wage growth exceeds expectations. New Zealand’s unemployment rate rose to 5.6% in Q2, the highest in 11 years, driven partly by higher participation. Employment still grew 0.5
Coordinated currency action aims to curb dollar strength against key Asian trade partners, accounting for 18% of US trade. The US and Japan intervened in currency markets this week to support the yen, driven by diverging but complementary goals. Japan seeks to stabilize th
July ADP employment data fell short of expectations, signaling a slowdown in hiring amid steady wage growth for job changers. US private employers added 44K jobs in July, below the 70K forecast, ADP data showed. The report revised June’s gain down to 95K from 98K initially
LONDON, Aug 5 The Japanese yen steadied on Wednesday after its most volatile few days in months after historic intervention, while the dollar traded around six-week lows against other currencies as revived hopes of an end to the war in Iran blunted safe-haven demand. The y
Brown Brothers Harriman’s (BBH) Elias Haddad notes the Dollar is mixed as global equities rise and Oil stabilizes. Haddad argues the USD rally from May has likely ended, with US Dollar Index (DXY) expected to consolidate in a 96.00–100.00 range Focus today is on US
ActivTrades, the multi-award-winning Forex and CFD broker, has introduced a new interest offer that pays clients a return on the free margin sitting idle in their trading accounts. The initiative, available to clients who open an account through the broker’s Mauritius enti
The approval enables Bybit Payments GmbH to offer regulated e-money and payment solutions alongside its MiCAR-authorised crypto services. Bybit.eu has expanded its European operations after Bybit Payments GmbH obtained an Electronic Money Institution licence from Austria’s
The Euro rises 0.15% against the Dollar as markets await key US employment and services data amid mixed Fed signals. The Euro traded 0.15% higher at 1.1550 against the US Dollar in European trading, supported by a softer Dollar ahead of a busy North American session. The U
XAG/USD trades above $61.24 after failing to break $61.90 resistance, remaining near one-month peaks. Silver prices retreated to $61.24 after encountering resistance at $61.90, capping gains below the $62.00 mark. The metal remains above its four-week high of $60.90, susta
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