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New Zealand Dollar steadies off two-week lows following dovish RBNZ survey

NZD/USD is recovering on Thursday in the American session, regaining the mid-0.5800s after rising off two-week lows reached during the Asian session. The New Zealand Dollar (NZD) has clawed back some ground as the US Dollar (USD) lost momentum.A survey from the Reserve Bank of New Zealand (RBNZ) showed inflation…

Australian Dollar stumbles near recent highs

AUD/USD is trading little changed on Thursday, shrinking near the 0.7050s below the multi-week high reached on Wednesday near 0.7091. The pair holds its ground after US data pointed to cooling price pressure, keeping the US Dollar (USD) stagnant.The US Producer Price Index (PPI) was flat on the month in July, coming in below expectations, while the annual pace eased and the core measures also softened. The prints trimmed bets on further Federal Reserve (Fed)…

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Wealthy homebuyers are increasingly looking to lower-tax, business-friendly states such as Texas as taxes and regulation play a bigger role in where affluent Americans choose to live and invest, according to Mauricio Umansky, founder and CEO of global brokerage The Agency. “That trend is definitely happening,” Umansky told FOX Business…

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