AUD/NZD plunges to almost 1.0800 as RBA keeps interest rates at 4.1%
The AUD/NZD pair has recently experienced a significant decline, bringing it close to the support level of 1.0800. This is due to the Reserve Bank of Australia (RBA) deciding to maintain the current interest rate of 4.10%, rather than increasing it by 25 basis points (bps) to 4.35%, which was expected by some investors. The […]
As the US holiday joins a cautious attitude ahead of Turkish inflation, the USD/TRY clings to a record high near 26.00
Despite struggling to make significant gains around 25.93, USD/TRY has broken its three-day downtrend during Tuesday’s European session. The currency pair appears to be taking cues from the broader US Dollar recovery and concerns about decreasing Turkish inflation, all while navigating the subdued markets due to the US holiday. However, investors should be aware of […]