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Last week on Sunday night I saw this article on Zero Hedge:
The Dollar and bond yields are lower as Sunday evening trading begins but US equity futures are up around 0.4% following President Trump's apparent retreat from Chinese trade-wars, supporting the rescue of giant telecoms company ZTE
The dollar's response to trade war headlines can vary, but generally it is downward. This is also very risk-on and means Trump will likely soften his stance towards other countries like ...Continue Reading →
The Reserve Bank of New Zealand released a statement after their meeting, which stated that they held the Official Cash Rate (OCR) steady at 1.75%, and that "the direction of our next move is equally balanced, up or down."
The reaction was swift and powerful. Note however that the move was reversed with the US CPI miss in the next US session.