Altcoins News
By Maheen Hernandez
1 / 15
The Kiwi dollar dropped hard. After climbing to 0.6550 against the greenback during Asian hours on February 23, the NZD/USD pair basically gave up all its gains and slumped back…
2 / 15
Traders didn't see it coming. The US dollar got hammered in ways that pretty much broke every textbook rule about how currencies should behave when the Fed starts talking tough…
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Mike Johnson over at Forex Solutions put it best when he said, "The US dollar's reaction was unexpected. It's not behaving as traditional models predict.
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The data coming out of America isn't helping either. Inflation numbers came in mixed, growth signals looked murky, and analysts who thought they had a handle on where things were…
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Sarah Kim, a financial analyst based in Wellington, thinks the Kiwi's moves are pretty much just following whatever the big currencies do these days.
6 / 15
The Reserve Bank of New Zealand's next meeting could change everything for the NZD/USD pair.
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Geopolitical stuff is making things worse too. Commodity prices are bouncing around like crazy, and since New Zealand exports a ton of raw materials, that's hitting the currency…
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Some analysts think there's still hope for the Kiwi to bounce back, but they're not exactly confident about it.
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JPMorgan Chase saw forex trading volumes spike on February 23 as the currency chaos unfolded.
10 / 15
The Bank of Japan threw another wrench into things when Governor Haruhiko Kuroda doubled down on keeping rates super low.
11 / 15
Christine Lagarde and the ECB are supposed to make some kind of statement next week, and traders are already positioning for whatever she might say.
12 / 15
Over in Sydney, the Aussie dollar held up better than the Kiwi, staying near 0.7200 against the greenback.
13 / 15
China's central bank reported that foreign exchange reserves went up, which helped stabilize some of the Asian currencies.
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Barclays in London said demand for hedging instruments went through the roof as clients tried to protect themselves from more currency swings.
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Deutsche Bank's Frankfurt team put out a note warning that the euro's volatility against the dollar could spread to other pairs, including the NZD/USD.
The Currency Analytics
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