Forex Today: RBNZ Hikes Rates by 0.50%
The RBNZ hikes rates and the risk-on rally sparked by last week’s lower than expected US inflation data continues.
The Forex market saw the US Dollar consolidate yesterday, and it is now beginning to sell off slowly. The Canadian Dollar and the British Pound look relatively strong.There will be releases today of:US FOMC Meeting MinutesUS Retail Sales dataAustralian Unemployment dataDaily new coronavirus cases globally dropped last week for the fourth consecutive week.It is estimated that 67.4% of the world’s population has received at least one dose of a coronavirus vaccination, while approximately 7.6% of the global population is confirmed to have contracted the virus at some time, although the true number is highly likely to be much larger. Total confirmed new coronavirus cases worldwide stand at over 597.1 million with an average case fatality rate of 1.08%. The rate of new coronavirus infections appears to now be most significantly increasing in Chile, South Korea, The Marshall Islands, Serbia, Trinidad, and Tonga.
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