EUR/USD 1.09423
-0.992%
Gold 3036.33
-2.501%
Oil 62.471
-5.781%
USD/JPY 146.825
0.520%
GBP/USD 1.28724
-1.731%
GBP/JPY 189.004
-1.200%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to Kyodo News: Japan is considering providing subsidies to reduce gasoline prices by 10 yen per liter.On April 6, Innosilicon announced that Lin Ming, the companys director, general manager and secretary of the board of directors, plans to reduce his holdings by no more than 1.2 million shares, accounting for 0.2995% of the companys total share capital; Hua Yaping, director, deputy general manager and core technical personnel, plans to reduce his holdings by no more than 1.6 million shares, accounting for 0.3994% of the companys total share capital; and Wu Yenan, supervisor, plans to reduce his holdings by no more than 100,000 shares, accounting for 0.0250% of the companys total share capital. The reduction period is from April 28 to July 25, 2025. The reason for the reduction is the shareholders own capital needs, and the reduction methods include centralized bidding or block trading.On April 6, Jingxue Energy announced that a specific shareholder, Changzhou Tongde Investment Management Center (Limited Partnership), plans to reduce its holdings of the companys shares by 1,080,000 shares, accounting for 1% of the companys total share capital, through centralized bidding within three months after the fifteenth trading day from the date of the announcement. The reason for the reduction is the companys capital needs, and the source of the shares is the shares acquired before the companys initial public offering.Central Bank of Libya: Libyas oil revenue in the first quarter of 2025 is about US$5.2 billion.On April 6, Zhaowei Electromechanical announced that the company plans to issue overseas listed foreign shares (H shares) and apply for listing on the main board of the Hong Kong Stock Exchange. The company will fully consider the interests of existing shareholders and the situation of domestic and foreign capital markets, and choose the appropriate time and issuance window to complete this issuance and listing within the validity period of the shareholders meeting resolution (i.e. 24 months from the date of approval by the companys shareholders meeting or other agreed extension period).

USD / NZD Bulls Arrive At The Highs And Apply Pressure Below 0.6250

Daniel Rogers

Mar 02, 2023 16:17

 NZD:USD.png

 

NZD/USD is down roughly 0.27 percent, falling from a high of 0.6257 to a low of 0.6238, wiping out some of the gains made in the middle of the week in reaction to information indicating a recovery in China demand, which raised commodity prices.

 

This came after Australia released a disappointing report, where GDP growth fell to 0.5% quarter-over-quarter from 0.7% earlier and fell short of consensus forecasts of a 0.8% rise. The information raised the chance that the Reserve Bank of Australia would stop raising rates sooner than anticipated, which originally hurt both currencies.

 

However, the kiwi profited from speculative buying after China's non-manufacturing activity expanded at a faster pace in February and the Caixin/S&P Global manufacturing PMI report for last month also exceeded expectations. The offshore yuan rose 1.3% to 6.8683 per dollar, recording its largest one-day rise since late November.

 

The New Zealand currency outperformed most of its peers, according to ANZ Bank analysts, and did well on crosses, especially NZD/AUD. "After the strong German CPI report, the EUR was a strong performer, and the Kiwi followed suit. This trend may have been worsened by stop-loss buying in the NZD/AUD pair because there was no clear NZD catalyst. This may result in muted price action in the coming days.

 

The USD mood is also changing. Bond yields climbed as a result of strong data last week, which caused the DXY to soar. However, last night's solid data dragged on the dollar in a "good news is bad news" way, probably due to worries that the Fed will orchestrate a recession. Is the strength of the NZD a tardy acknowledgment of the economy's resilience and post-cyclone recovery? Has performed admirably."


Suggestion