XE Market Analysis: New Zealand Dollar Jumps as Central Bank Holds Rates

OVERVIEW

• The Reserve Bank of New Zealand kept interest rates on hold at 2.25% overnight. The NZ Dollar soars to a 1-year high against the US Dollar. G
• Germany's trade surplus rose to a fresh monthly record in April, despite weaker global demand.
• Britain's trade deficit narrowed to £10.52 billion in April as goods exports rose to a near 3-year high.
• British house prices could be set to fall in the short-term according to the latest price survey from the Royal Institute of Chartered Surveyors (RICS).

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