Greenback Dropped, Australian Dollar Rose
Greenback has strongly declined since the Trump’s healthcare bill wasn’t approved. It turned out to be much worse than the Obamacare. Markets have totally lost their faith in the US President. Kiwi has dropped was well. Meanwhile, Aussie has surged to the 2-year maximum as a reaction to RBA protocol. The document indicated that members are satisfied with the economy, which in turn caused speculations about a rate hike.
New Zealand Consumer Price Index lifted 0.0% qoq. In annual terms, Consumer Price Index slipped from 2.2% to 1.7% yoy. Britain is about release inflation figures, particularly headline and core Consumer Price Indexes. The UK will also announce RPI, PPI and house price index. Germany will show ZEW economic sentiments and the United States will publish import price index and NAHB housing market index.