The USD/CAD eyes resistance breakout as uncertainties over global growth amidst trade wars undermine crude oil prices. Sentiment warns of a bearish NZD/USD bias ahead of the RBNZ.
Currency markets may be battered by breakneck volatility if a slowdown in global economic growth triggers a collapse in the fragile market for collateralized loan obligations (CLOs).
NZD/USD unexpectedly rose, closing at its highest since December on lackluster fourth quarter New Zealand GDP data which might have reduced near-term economic slowdown fears.
Global growth fears fueled risk aversion, boosting the US Dollar against ASEAN currencies. The same dynamic may lift USD/IDR, USD/SGD with all eyes on the