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NZD/USD pressures key 200-DMA support – Société Générale
NZD/USD is testing the lower edge of its consolidation range and the 200-day moving average near 0.5800. A failure to reclaim resistance at 0.5940 would leave the pair vulnerable to a deeper decline, with downside projections at 0.5730 and 0.5620, Société Générale's FX analysts note.
Fxstreet
Wed, Aug 20
New Zealand: RBNZ cuts OCR by 25 bps in Aug and turns more dovish – UOB Group
Earlier today (20 Aug), the Reserve Bank of New Zealand (RBNZ) decided to decrease the Official Cash Rate (OCR) by 25 bps from 3.25% to 3.00%, the lowest level in three years, UOB Group's economist Lee Sue Ann reports.Fxstreet
Wed, Aug 20
US-EU trade deal not far from ECB's baseline forecast, Lagarde says
FRANKFURT, Aug 20 (Reuters) - The trade deal between the U.S. and the EU is close to the baseline assumed by the European Central Bank, but uncertainty persists in key sectors like pharmaceuticals and semiconductors, ECB President Christine Lagarde said on Wednesday.The EU accepted 15% tariffs on mo...Reuters
Wed, Aug 20
Indian Oil, BPCL resume buying Russian oil for September, sources say
By Nidhi Verma NEW DELHI, Aug 20 (Reuters) - India's state-run refiners Indian Oil IOC.NS and Bharat Petroleum BPCL.NS have bought Russian oil for September and October delivery, resuming purchases after discounts widened, two company officials aware of the matter said on Wednesday.The resump...Reuters
Wed, Aug 20
RBNZ Cuts Rates, Hints at More Easing; NZD Sinks to Four-Month Low
TradingKey - The Reserve Bank of New Zealand (RBNZ) cut its Official Cash Rate (OCR) by 25 basis points to 3.0%, the lowest level since 2022, in line with market expectations. This marks the eighth rate reduction since the central bank initiated its easing cycle in August 2024, with cumulative...TradingKey
Wed, Aug 20
US-EU trade deal not far from ECB's baseline assumptions, Lagarde says
FRANKFURT, Aug 20 (Reuters) - The trade deal between the United States and the EU is somewhat higher but not far from the baseline assumed by the ECB, Christine Lagarde, the bank's president, said on Wednesday."The trade deal establishes an effective average tariff estimated to lie between 1...Reuters
Wed, Aug 20
European bond yields little changed ahead of inflation data, Jackson Hole summit
LONDON, Aug 20 (Reuters) - Euro zone government bond yields were little changed on Wednesday as traders awaited euro zone inflation data and the outcome of a symposium of global central bankers later in the week.Germany's 10-year bond yield DE10YT=RR, the euro zone benchmark, was down about 2 ba...Reuters
Wed, Aug 20
