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EUR-USD

The AUD/USD is trading nearly flat after the Reserve Bank of Australia decided to keep its benchmark cash rates at a record low of 1.5 percent, and pointed to weaker growth in the quarter ended March 31.The Forex pair didn’t have much of a reaction to the widely expected move by the RBA, which suggests investors will be more reactive to Wednesday’s quarterly GDP data. According to economists, the GDP data is expected to come in weaker than expected after a disappointment in the country’s current…
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GBP-NZD

GBP/NZDThe post-financial crisis and massive central bank stimulus that followed in developed nations has led to some of the lowest bond yields in history. In a move to find higher returns, cash has moved abroad into economies that offer higher yielding assets. Countries such as New Zealand have benefitted during these times, but with the Fed's move to scale back asset purchases in combination with slower growth in China, the four year trend may be showing signs of fundamental weakness.
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USD-JPY


The Japanese currency is weakening against the USD for a long time. As a result last week the USD/JPY pair reached the 8 weeks minima and consolidated above the level of 114.00. The weak USA data, published on Friday, such as Consumer Price Index (was 2.2%, which is lower than expected) and Retail Sales Index (also lower than expected a t the level of 0.4%), caused the lowering of the USD against all the main competitors. As a result the pair lowered to 113.15, and the level of 114.00 became th…
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