Market Outlook

Kiwi Freefalls to 3 Month Low on Housing Affordability Measures

The biggest move today in Forex has come from the New Zealand Dollar. The New Zealand dollar is taking a beating as the government announces new measures to rein in the country’s booming housing market. The RBNZ will now be able to keep policy lower for longer, resulting in the Kiwi sell-off.

Elsewhere Germany is planning a five-day lockdown over Easter, while Britain’s prime minister has warned that a third wave of the virus is on the way.

The latest employment data from the United Kingdom has just been released, but the results have been mixed, and there hasn’t been much of a reaction in the markets.

Key economic events on the calendar for the remainder of the day include UK CBI Industrial Trends, the United States current account, several Fed speeches, U.S New Home Sales, Richmond Fed Manufacturing Index and Fed Chair Powell’s testimony.

Previous Article
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed at magna sollicitudin, cursus lacus quis, volutpat justo. Curabitur vehicula sapien sit amet ultricies volutpat. Morbi eu porta velit. Fusce a metus urna. Nam scelerisque vestibulum enim, vel dignissim odio semper et. Nullam porta purus enim, commodo accumsan justo elementum at. Mauris ac pellentesque quam. Maecenas libero ex, semper sed venenatis eu, pulvinar in justo. Donec mollis blandit mauris, vitae faucibus nulla lobortis ac. Vestibulum mollis tellus nec felis rutrum sollicitudin. Aenean eu scelerisque magna. Maecenas vitae nisl finibus, bibendum leo sit amet, sollicitudin nunc.

1 Comment

Leave a Reply

Your email address will not be published.