

Aussie and kiwi dollars struggle on China rate cuts while dollar drifts

The Australian and New Zealand dollars struggled near multi-week lows following China’s decision to cut several key interest rates. In contrast, the US dollar showed little change as it awaited new economic cues. China took markets by surprise by reducing major short and long-term interest rates. This marked the first comprehensive rate cut, signalling China’s intent to bolster growth in its economy, the world’s second-largest. Read more to find out how will AUDUSD and NZDUSD market trend.

more about AUDUSD and NZDUSD trend

Disclaimer:

US politics, as the election approaches, will likely become a greater source of market volatility. The evolving political landscape and candidate policies will be critical factors for market participants. Risk management is advised for traders.

Publication date:

2024-07-27 11:18:00 (GMT)

The terms and conditions of use set out below (referred to as "FX Blue's Terms"), form a contractual agreement governing FX Blue's relationship with you in relation to your use of this Website (“Agreement”) and you agree to be legally bound by FX Blue's Terms just as if you had signed this Agreement. By using this Website and any Information, you are agreeing to comply with and be bound by FX Blue's Terms, including any revisions that may be made to FX Blue's Terms from time to time. FX Blue reserves the right, in FX Blue's sole discretion, to change, modify, add or remove portions of FX Blue's Terms at any time by posting the revisions on the Website. You should check FX Blue's Terms periodically for changes as by using the Website after FX Blue posts any changes to FX Blue's Terms, you are agreeing to accept those changes, whether or not you have reviewed them, and you waive any right you may have to receive individualised notice of such changes. FX Blue's Terms may be supplemented by additional terms and conditions pertaining to specific content and activities. You agree and understand that such additional terms and conditions are hereby incorporated by reference to FX Blue's Terms. Your continued use of the Website means that you accept any new or modified FX Blue Terms.