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New Zealand GDT Price Index below forecasts (0.5%): Actual (-0.5%)

US Dollar Index remains depressed near 97.70

The greenback stays on the defensive so far on Tuesday and is challenging the area of 3-week lows near 97.70 when tracked by the US Dollar Index (DXY)
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The Fed could reduce rates further in Q12020 – UOB

Lee Sue Ann, Economist at UOB Group gave her views on the upcoming Fed event. Key Quotes “The FOMC cut its policy Fed Funds Target Rate (FFTR) by 25bp
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