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in the Euro Zone (emphasis mine. Fomc minutes, although the fomc mostly stuck to the script and refrained from shocking the markets, the minutes of their latest meeting revealed that they are still on track to hike rates sooner or later, which was enough to keep the dollar supported. And commentary from Markit attributed the improved reading to exports indikatoren forex trading rising at the steepest rate since April 2011. Drop in commodity prices, it looks like commodity prices aint done tumbling! BOE MPC meeting minutes, in a surprising turn of events, the BOE meeting minutes led to a strong pound rally as policymakers didnt seem as dovish as many expected. This is obviously good news for New Zealands dairy farmers and New Zealands overall economy for that matter, given that dairy products make up the bulk of New Zealands exports.
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In the end, this two-way action on bond yields and opposing currency price action resulted in the yens mixed performance this week. The pound got whupped hard this week while the Kiwi just shrugged off the commodities rout and prevalence of risk aversion to emerge as the one currency to rule them all this week. In addition, you can compare the list of top movers of the current snel geld verdienen pokerstars eu bar to that of the previous bar to see if the movements are extending. And noteworthy among these was IFOs German business climate index in May, since it came in at 114.6, which is significantly better than the expected 113.1, as well as the previous months 113.0 reading. And it was just downhill for the euro from there. BOJ drew more support for its monetary easing plans. So, what was driving forex price action? And so the Loonie jumped higher across the board as a result, although follow-through buying was limited and the Loonies price action quickly became mixed after that. In this edition of Piponomics, Ive got a quick rundown of the main forex market movers this week.