Previous highs around 0.5860 are holding bears for now

Previous highs around 0.5860 are holding bears for now

The New Zealand Dollar (NZD) ticks lower against the US Dollar (USD) on Friday, but remains steady near eight-week highs at 0.5885, with downside attempts contained above a previous resistance area at 0.5860 so far. The Kiwi Dollar has rallied nearly 1.5% this week, boosted by a weak USD after the Federal Reserve’s (Fed) monetary […]

Asian stocks surge, led by KOSPI on AI optimism, Wall Street gains

Asian stocks surge, led by KOSPI on AI optimism, Wall Street gains

Asian stock markets move higher on Friday, tracking overnight gains on Wall Street as a global rally in semiconductor stocks and renewed AI optimism lifted sentiment. Strong earnings from Microsoft and Amazon reinforced expectations for continued hyperscaler investment and resilient AI demand. South Korea’s KOSPI Composite surged over 14.5%, driven by major gains in SK […]

Australian Dollar inches lower as China’s NBS Manufacturing PMI falls in July

Australian Dollar inches lower as China’s NBS Manufacturing PMI falls in July

AUD/USD inches lower after registering over 1% gains in the previous day, trading around 0.7020 during the Asian hours on Friday. The pair remains subdued following the release of disappointing Chinese Purchasing Managers’ Index (PMI) data. China’s NBS Manufacturing PMI fell into contraction territory at 49.2 in July, down from 50.3 prior and below market […]