Market optimism buoys the Kiwi
Before the Christmas holiday, the US Bureau of Economic Analysis announced that the Personal Consumption Expenditures Price Index (PCE) rose by 0.2% in monthly terms, while the year-to-year indicator fell from 5% to 4.7% in October.
Before the Christmas holiday, the US Bureau of Economic Analysis announced that the Personal Consumption Expenditures Price Index (PCE) rose by 0.2% in monthly terms, while the year-to-year indicator fell from 5% to 4.7% in October. Despite the fact that the values for each indicator met expectations, they were met with reserved market optimism that is holding consistent and is supporting commodity values, including the New Zealand dollar.
Disclaimer: The information in this article is not intended to be and does not constitute investment advice or any other form of advice or recommendation of any sort offered or endorsed by Libertex. Past performance does not guarantee future results.
Why trade with Libertex?
- Get access to a free demo account free of charge.
- Enjoy technical support from an operator 5 days a week, from 9 a.m. to 9 p.m. (Central European Standard Time).
- Use a multiplier of up to 1:30 (for retail clients).
- Operate on a platform for any device: Libertex and MetaTrader.