DAILY HEADS-UP: Dollar Down on Retail Sales Slump

Dollar Down on Retail Sales Slump   The US dollar suffered a big drop after data showing US retail sales slumped their biggest since 2009. This strengthened expectations the Fed will not raise rates this year. The lower figure caused the Fed to slash estimates...

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DAILY HEADS-UP: Kiwi Soars after RBNZ

Kiwi Soars after RBNZ   The RBNZ kept rates at record lows at this morning’s meeting that boosted the kiwi. It was more the expectations the markets had built up for a more dovish statement. The Bank stated it sees keeping the Overnight Cash Rate (benchmark) rate...

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