Singapore Consumer Price Index (YoY) climbed from previous -0.4 to -0.3 in July

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Jul 23, 2015

Kiwi rallies as RBNZ talks up currency, UK Retails sales eyed

The Kiwi extends its upbeat momentum and remains strongly bid as the Reserve Bank of New Zealand (RBNZ) dropped its harsh language on the exchange rate while announcing 0.25bp rate cut at its cash-rate decision in overnight trading. The Official Cash Rate (OCR) now stands at 3%. While the Greece parliament’s approval of the second package of reforms boosted EUR/USD beyond 1.09 handle.

Gold rebounds in Asia, nears $ 1100

Gold prices on Comex staged a solid comeback in Asia, after witnessing a steep drop to the lowest levels in five years on Wednesday, as USD bulls took a breather in its upsurge while mixed Asian equities also boosted the yellow metal as a higher yielding asset.