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The New Zealand Dollar (NZD) ended the week almost flat after hitting a weekly high of 0.6203. Failure to crack the latter keeps the NZD exposed to selling pressure. Notably, the 0.6200 figure was tested three times, and with the Relative Strength Index (RSI) exiting overbought conditions...

An absent New Zealand’s economic calendar left the NZD adrift to USD dynamics and market sentiment. During the Asian session, China’s Covid-19 outbreak and geopolitical risk put a lid on the earlier NZDUSD rally, which could not decisively crack the 0.6200 psychological leve

Leading financial software provider Ark Technologies scooped up the Best Emerging Trading Platform award at the Ultimate Fintech Awards ceremony last month for their Ark Trader Online Trading Platform.

The data comes alongside separate figures that confirmed Japan did not conduct stealth intervention in September and only entered the market to buy yen for U.S. dollars on Sept. 22 as announced, its first foray into the market to prop up the Japanese currency since 1998.

Investors now have their eyes on the closely watched U.S. inflation figures due later on Thursday, in which a strong price rise would likely reinforce the Federal Reserve's aggressive campaign in tightening monetary policy

The dollar tumbled overnight after the release and recorded its worst day against the Japanese yen since 2016, having fallen 3.7%. It has since clawed back some of those losses and last rose 0.53% to 141.69 yen.

Treasury yields are in freefall, the dollar is tanking, and practically every risky asset is rejoicing over this inflation report," said Edward Moya, Senior Market Analyst, OANDA.

Aggressive rates rise in the US leading to elevated US yields along with monetary policy divergence in key economies are prime factors driving dollar strength. Idiosyncrasies in other safe-haven economies have also made the greenback a unilateral choice during times of faltering growth outlook...